Qatar negotiates ‘co-operation’ with ExxonMobil
Qatar’s Emir Tamim bin Hamad Al Thani met with ExxonMobil CEO Darren Woods on Saturday as pressure on the tiny Gulf emirate mounted following a partial blockade imposed earlier this month by powerful neighbours.
“During the meeting, they discussed bilateral cooperation relations and means to develop them in addition to the latest developments in the energy sector,” Reuters quoted the state agency QNA as reporting. QNA’s website was not accessible on Monday.
ExxonMobil, in partnership with Qatar Petroleum, has invested in 10 LNG projects including 12 of the emirate’s 14 LNG trains, and has played a major role in Qatar’s ascendance as a leading LNG exporter.
While Qatar has vowed to continue both LNG shipments and overland supplies to the UAE, worries about the disruption of supplies have sparked speculation that the crisis could speed up the liberalisation of Asian LNG markets.
Source: theoilandgasyear