Qatar sets perfect example for would-be energy exporters in Mediterranean

Qatar sets perfect example for would-be energy exporters in Mediterranean

It’s because Qatar had made an early bet on liquefied natural gas that helped the country to emerge as the world’s most prolific exporter of LNG, a position it retains to this day. It was good governance that made sure this resource has been very well-managed, a top energy expert said.

Attending a major energy congress in Athens, Roudi Baroudi, a veteran of the energy business who has helped shape policy for companies, governments, and even entities like the European Union, the World Bank and the United Nations, noted the North Field Expansion Project is a massive undertaking that will grow LNG output from the current 77 million tons per annum to 110 MTPA over the next five years. That will not only increase Qatar’s lead over other producers, but also give it the wherewithal to keep diversifying its holdings abroad.

Speaking on the sidelines of the First Annual Eastern Mediterranean Energy Leadership Summit, Baroudi (pictured), currently the CEO of Doha-based Energy and Environment Holding, elaborated on ‘how did a tiny country like Qatar become such a giant in the gas business?”.

“Once the full extent of the country’s natural gas reserves were understood, the government sought out the best advice, then undertook comprehensive studies to understand market conditions and forecasts, define its own needs and capabilities, and identify the best partners. As a result of these analyses, Qatar made an early bet on liquefied natural gas that soon made it the world’s most prolific exporter of LNG, a position it retains to this day.” He noted that it’s not only this domestic megaproject (North Field Expansion) that matters. Qatar Petroleum, for instance, is in talks to secure partners for the establishment of a new LNG distribution terminal on Germany’s North Sea Coast. Again, this a mutual benefit proposition from start to finish, with the German side increasing its energy security and the Qataris lining up future revenues by securing access to a crucial market. In addition, QP recently entered a new agreement that books LNG offloading facilities at the Belgian Port of Zeebrugge until 2044.

Other developments paint a similar picture of a wide-ranging strategy that keeps Qatar in its leading position by capitalizing on both its market influence and its financial resources. In July, QP took a 49 percent stake in a joint venture with Chevron Philips Chemical Co. (51 percent) that will see the partners develop a huge petrochemical complex – including the world’s largest ethylene cracker – on the US Gulf Coast, taking advantage of the proximity of America’s most productive shale gas regions. And just a couple of weeks ago, QatarGas made history when one of its massive Q-Flex LNG carriers, the Thumama, became the first vessel of its class to complete an open-water ship-toship transfer to a floating storage and regasification unit off Bangladesh’s Moheshkhali Terminal.

Qatari investments and expertise are also driving exploration activities in several countries around the world. “Qatar is not sitting on its hands. Day in and day out, in all sorts of ways, the country is constantly taking stupendous strides toward bigger and better things to come”, he said.

Inondations en Libye : TotalEnergies mobilisée pour soutenir la population libyenne

Paris, 18 septembre 2023 – Suite aux inondations dévastatrices survenues en Libye la semaine dernière, TotalEnergies a répondu dès les premières heures de la tragédie à l’appel de la compagnie nationale libyenne National Oil Corporation et a mobilisé des moyens logistiques terrestres et aériens pour apporter une aide d'urgence pour les milliers de personnes affectées par la catastrophe dans la région de Derna, à l'est du pays.

A ce jour, TotalEnergies a expédié près de 50 tonnes de produits de première nécessité, notamment des fournitures médicales, des colis alimentaires dont de l’alimentation infantile, des kits d'hygiène, et des lampes solaires. Environ 50 tonnes additionnelles de produits de première nécessité seront envoyées au cours des prochains jours.

Cette opération est menée par une équipe dédiée de TotalEnergies, en coordination avec la National Oil Corporation et le Croissant Rouge, avec acheminement des produits par camion depuis Tripoli et par avion depuis Paris.