Insider News: Shell Set to Sign Deal With Qatar for Giant Gas Project

June 29, 2022

https://liquidity-provider.com/app/uploads/2022/07/untitled-design.png

According to reports, Shell Plc is planning to take a stake in a major $29 billion project that aims to raise Qatar's output and exports of liquefied natural gas (LNG). This comes as other Western energy giants have already invested in the project and as Europe is increasingly racing to shore up supplies of the fuel.

A partnership between Shell and Qatar Energy will be announced on Tuesday in Doha, sources knowledgeable of the situation say. Qatar's Energy Minister Saad Sherida al Kaabi, who is also the CEO of QE, is expected to participate in the signing ceremony with Shell CEO Ben van Beurden. This would mark a significant expansion for Shell into the Middle East.

Shell did not respond to requests for comment, while QE was unavailable for comment.

Qatar is raising its LNG producing capacity in response to the skyrocketing worldwide demand. It's mostly because Europe is trying to reduce its reliance on Russian gas amid the Russia-Ukraine conflict.

Shell CEO Ben van Beurden said Wednesday that questions on the timing of a potential deal with Qatar Energy should be directed to Qatar's Minister Saad al Kaabi. This follows the company's previous confirmation that it had bid for a stake in the North Field East project, which is set to raise Qatar's total LNG output to 110 million tons by 2026 from its present 77 million. When asked for comment, companies declined to provide a specific timeline for any potential deal.

As COVID lockdowns and limitations begin to ease in more parts of the world, energy supplies could become unstable, warned Ben van Beurden in Singapore.

Shell's CEO also added that low spare capacity and continued demand growth, combined with the risk of sanctions stemming from the recent conflict, meant there was a "fair chance" of turbulence ahead.

Shell's investment in the North Field East initiative is unknown. Exxon Mobil Corp. and TotalEnergies SE will each hold 6.25 percent of the project, while ConocoPhillips and Eni SpA will receive shares for half of the value of this.

Qatar, according to experts, is one of the few countries that may be able to replace most of Russia's energy supplies to the EU if necessary, but this will not be possible until more of its gas starts to flow. Qatar has the world's third-largest natural gas reserves and is currently the largest exporter of LNG.

Qatar is planning to expand its LNG producing capacity even further with a new expansion phase called North Field South. This expansion is expected to be completed by 2027 and will bring the total output up to 126 million tons per year. Qatar has already begun working with many of the same companies who helped with the previous project, North Field East, as Qatar's officials said.

Subscribe Our Newsletter

Job Data May Determine Fed's Next Step. Here Is What to Expect.

Milena

Job Data May Determine Fed’s Next Step. Here Is What to Expect.

According to economists, payroll growth will be slower and unemployment will stay at 3.4%. Here is why.

Companies
China’s Woes Could Spell Trouble for S&P 500 Companies
China’s Woes Could Spell Trouble for S&P 500 Companies

Many U.S. corporations may suffer as China deals with debt problems in its housing market, a slowing economy, and attempts to reorganize its economy to prioritize social good above profit.

Stocks
Deborah Middleton

Navigating the Ethical Landscape of AI: Challenges and Solutions
Artificial Intelligence (AI) has swiftly transitioned from science fiction to a tangible reality, revolutionizing industries and reshaping the way we live and work. As AI's capabilities expand, so do the ethical concerns surrounding its deployment.

discover
What is Data Analytics? Techniques, Tools, Methodology, and More

Tamta

What is Data Analytics? Techniques, Tools, Methodology, and More

In today's hyper-connected world, the lifeblood of successful businesses is not just data but the ability to use it effectively. Data analytics has become an indispensable tool in the strategic arsenal of any enterprise aiming to thrive and expand. 

Fintech

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries b2broker

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Alexander

    Best Bitcoin Wallets in 2023: Comparing Features, Security, and Usability

    Best Bitcoin Wallets in 2023

    Alexander

    Top Rising NFT Artists to Watch Out for in 2023 And Beyond

    Top Rising NFT Artists to Watch Out for in 2023

    Alexander

    Insuring Your Future: What Type of Insurance to Buy?

    Insuring Your Future: What Type of Insurance to Buy

    Alexander

    Is IUL a Good Investment Strategy? — A Guide for Beginner Investors

    Is IUL a Good Investment Strategy? — A Guide for Beginner Investors

    Alexander

    Are Crypto Wallets Safe? — Tips to Ensure Maximum Protection of Your Digital Assets.

    Are Crypto Wallets Safe? — Tips to Ensure Maximum Protection

    Alexander

    Roth IRA Guide: What It Is and What You Need to Know.

    Roth IRA Guide: What It Is and What You Need to Know

    Alexander

    From Gold to Index Funds and Crypto: Where to Invest in 2023 for Long Term?

    From Gold to Index Funds and Crypto: Where to Invest in 2023

    Alexander

    Understanding Algorithmic Trading: A Guide for Beginners

    Understanding Algorithmic Trading: A Guide

    Alexander

    Stop Vs. Stop-Limit Order: How Do They Differ?

    Stop Vs. Stop-Limit Order: How Do They Differ

    Alexander

    Invest in the Intelligent Future: The Best AI Stock Market Leaders of 2023

    Invest in the Intelligent Future: The Best AI Stock Market Leaders of 2023

    Deborah Middleton

    How MEC Rules Can Impact Your Life Insurance Policy

    How MEC Rules Can Impact Your Life Insurance Policy.

    Deborah Middleton

    Navigating the Ethical Landscape of AI: Challenges and Solutions

    Navigating the Ethical Landscape of AI: Challenges and Solutions

    Deborah Middleton

    Managing Your Financials The Right Way – A Startup Guide 

    Managing Your Financials The Right Way - A Startup Guide

    Anna

    A Beginner Guide To The Crypto Analysis Tools.

    A Beginner Guide To The Crypto Analysis Tools.

    Anna

    A Brief Introduction to Scalping

    A Brief Introduction to Scalping.

    Anna

    How to Invest in Stocks: A Beginner’s Guide

    How to Invest in Stocks: A Beginner’s Guide

    Anna

    Tips On Finding Crypto Liquidity Providers In 2023

    Tips On Finding Crypto Liquidity Providers In 2023.

    Anna

    Forex Liquidity in 6 Questions and Tips on How to Become Successful in Trading

    Forex Liquidity in 6 Questions and Tips on How to Become Successful in Trading

    Anna

    A Brief and Comprehensive Guide to Spot Trading.

    A Brief and Comprehensive Guide to Spot Trading.

    Anna

    What is The Difference Between Liquidity Provider and Liquidity Aggregator?

    What is The Difference Between Liquidity Provider and Liquidity Aggregator?

    Tamta

    What Is SWIFT Banking System?

    What Is SWIFT Banking System?

    Tamta

    How Liquidity Providers Drive The Foreign Exchange Market

    How Liquidity Providers Drive The Foreign Exchange Market

    Tamta

    How to Start Investing In Crypto

    How to Start Investing In Crypto

    Tamta

    5 Best Crypto CFD Liquidity Providers 2023

    5 Best Crypto CFD Liquidity Providers 2023.
    Latest News - Liquidity Provider: Business & FinTech Media
    • News
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
    [email protected]

    © 2023 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site.