Tribune News Network
Doha
QatarEnergy has announced that it will be taking over all the marketing and related activities currently managed by Qatargas Operating Company Limited (Qatargas).
The integration of the activities into QatarEnergy is expected to be completed by the end of 2023.
The strengthened alignment of LNG marketing activities within QatarEnergy will leverage a combined set of technical, commercial, and financial capabilities of both organisations to create an enhanced center of excellence for the marketing and sale of all energy products exportedfrom Qatar.
Commenting on this occasion, Minister of State for Energy Affairs, QatarEnergy President and CEO HE Saad bin Sherida Al Kaabi said, "The integration of the LNG marketing activities into QatarEnergy is a strategic decision taken as part of its growth journey and reaffirms our commitment to delivering excellence in everything we do. It is also aimed at further strengthening Qatar’s global LNG offering to our customers and enabling us to provide a unified customer and stakeholder interface with greater value.”
"This move takes QatarEnergy one step closer to achieving our vision of becoming one of the best energy companies in the world, and we are grateful for the support that our trusted international partners have placed in us for delivering on this critical strategic initiative. It goes without saying that we will ensure business continuity and a seamless transition, during which Qatargas will continue to deliver on all its commitments with no interruption,” the minister said.
QatarEnergy currently manages the marketing and sale of all products produced for export by its group of companies/ affiliates, with the exception of LNG and Helium. Once the aforementioned integration is concluded, QatarEnergy will be the single point of responsibility for all existing and prospective customers interested in the purchase of energy products from the State of Qatar and will be able to provide diversified products and services offering with a superior integrated portfolio.
QatarEnergy is an integrated energy company committed to the sustainable development of cleaner energy resources as part of the energy transition in Qatar and beyond.
It is the world leader in Liquefied Natural Gas (LNG) – a cleaner, more flexible, and reliable source of energy, and an integral partner in the global energy transition. QatarEnergy’s activities cover the entire spectrum of the oil and gas value chain and include the exploration, production, processing, refining, marketing, trading, and sales of energy products and commodities.
As "Your Energy Transition Partner”, QatarEnergy is committed to building a better and brighter future by helping meet today’s energy needs, while safeguarding our environment and natural resources for generations to come, bound by the highest standards of sustainable human, socio-economic, and environmental development.