21-10-2022, 07:51 AM
October 18, 20228:55 PM GMT+8Last Updated 2 days ago
By Andrew Mills
AL KHARSAAH, Qatar, Oct 18 (Reuters) - QatarEnergy is working to expand its gas production and trading operations as global demand surges and will not divert liquefied natural gas (LNG) contracted with Asian buyers to Europe this winter, CEO Saad al-Kaabi said on Tuesday.
Qatar is already among the world's top LNG exporters and several European states, facing a spike in energy prices and a fuel supply crunch, have been in talks with the Gulf Arab state to reduce their reliance on Russian energy supplies.
"Qatar is absolutely committed to sanctity of contracts... So when we sign with an Asian buyer or European buyers, we stick to that agreement," Kaabi, who is also state minister for energy, told reporters.
"So the volume that will go to Europe is what has been assigned," he said. "But as far as taking from Asian buyers to take to Europe (that) will not happen."
https://www.reuters.com/business/energy/...022-10-18/
By Andrew Mills
AL KHARSAAH, Qatar, Oct 18 (Reuters) - QatarEnergy is working to expand its gas production and trading operations as global demand surges and will not divert liquefied natural gas (LNG) contracted with Asian buyers to Europe this winter, CEO Saad al-Kaabi said on Tuesday.
Qatar is already among the world's top LNG exporters and several European states, facing a spike in energy prices and a fuel supply crunch, have been in talks with the Gulf Arab state to reduce their reliance on Russian energy supplies.
"Qatar is absolutely committed to sanctity of contracts... So when we sign with an Asian buyer or European buyers, we stick to that agreement," Kaabi, who is also state minister for energy, told reporters.
"So the volume that will go to Europe is what has been assigned," he said. "But as far as taking from Asian buyers to take to Europe (that) will not happen."
https://www.reuters.com/business/energy/...022-10-18/