Qatar interested in Russian gas

21/04/2010 11:00 Natural Gas

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Qatar invited the Russian energy giant Gazprom to take part in new projects on liquefied natural gas, LNG. The projects that will take place starting from 2014 have the intention to improve the relations between the two countries so rich in natural gas.

Qatar, the major exporter of LNG in the world, is interested in exploiting new gas fields in the Russian Yamal peninsula, which has enough natural gas reserves to satisfy global demand for the next 5 years. The representatives of the Russian Federation have received this offer with a special interest from the Qatar officials, especially when they learned about the potential increase of gas production, in the North Field. This idea could lead to a more and more efficient cooperation in gas production between Russia, Qatar and Iran, having proposed in 2008 to form a "gas troika" in order to consolidate these relationships. It is believed that this collaboration will be a benefit for Russia, maintaining its first place among the largest natural gas exporters in the world, achieved in 2001. Gazprom, the most important gas supplier to Europe, encountered losses because of the increasing role of unconventional fuels, such as shale gas and LNG.

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