Bid & Tender
QP Plans to Invest $20bn in US Oil & Gas Fields

Date : Jul 09, 2018

Qatar Petroleum, a global leader in liquefied natural gas (LNG), plans to invest $20 billion in US oil and gas fields, said chief executive officer Saad Sherida Al-Kaabi.

 

The investments will be made over five years, he added, noting that the deal will be announced before the end of the year.

 

Some of that will likely go toward lining up gas supplies for the Golden Pass LNG export project in Texas, being developed with ExxonMobil Corp, Al-Kaabi said.

 

Qatar is also looking to invest an additional $5 billion in downstream assets, such as chemicals projects, he said.