Qatar merg­ing two LNG pro­duc­ers

China Daily (Hong Kong) - - BUSINESS -

Qatar is merg­ing its two gov­ern­ment-con­trolled liq­ue­fied nat­u­ral gas com­pa­nies, stream­lin­ing dis­tri­bu­tion of the fuel as the OPEC na­tion grap­ples with a slump in en­ergy prices. The Gulf coun­try is the world’s largest pro­ducer of LNG, which is nat­u­ral gas chilled to liq­uid form for ship­ment on tanker ships. Saad Sherida al-Kaabi, pres­i­dent and CEO of state oil com­pany Qatar Pe­tro­leum, said on Sun­day the plan to com­bine Qatar­gas and the smaller RasGas will cre­ate a “unique global en­ergy op­er­a­tor in terms of size, ser­vice and re­li­a­bil­ity.”

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