Gaz de France, Qatar sign E&P, LNG cooperation deal

Jan. 15, 2008
GDF and Qatar Petroleum signed a partnership agreement in Doha that lays out the development of cooperation between the two groups in E&P, LNG, gas storage, and downstream activities.

Doris Leblond
OGJ Correspondent

PARIS, Jan. 15 -- Gaz de France and Qatar Petroleum International signed a partnership agreement in Doha that lays out the development of cooperation between the two groups at an international level in exploration, production, LNG, gas storage, and downstream activities.

As the leading LNG importer in Europe, GDF is keen to enhance its presence in Qatar and develop cooperation "with the world's top LNG exporter," while Qatar wants to develop its access to different markets, particularly by investing in regasification terminals and gas storage sites.

With the forthcoming merger of GDF and Suez, Qatar will have access to a group that is among the leading LNG operators worldwide and, therefore, on a large number of markets.

GDF, which opened a representative office in Doha earlier this month, was preselected by QPI to tender for allocation of offshore licenses in Qatar. So far, the licenses involved remain confidential, GDF told OGJ.