QP and part­ners cel­e­brate South Hook LNG Ter­mi­nal 10th an­niver­sary

Gulf Times - Gulf Times Business - - FRONT PAGE -

Qatar Petroleum (QP), the coun­try’s hy­dro­car­bon bell­wether, and part­ners have cel­e­brated the 10th an­niver­sary of South Hook LNG Ter­mi­nal, which has the ca­pac­ity to pro­vide up to 20% of the UK’s nat­u­ral gas needs.

Ad­dress­ing a spe­cial event in Lon­don, HE Min­is­ter of State for En­ergy Af­fairs as well as QP pres­i­dent and chief ex­ec­u­tive, Saad bin Sherida al-Kaabi hailed the his­toric re­la­tions be­tween Qatar and the UK and stressed the im­por­tance of the UK mar­ket to Qatar’s liq­ue­fied nat­u­ral gas.

“The UK is a very im­por­tant mar­ket for Qatari LNG, as it of­fers a friendly and at­trac­tive busi­ness en­vi­ron­ment, and a sta­ble reg­u­la­tory frame­work. This is driven by the long and his­toric re­la­tions that tie our two coun­tries and peo­ple, on many lev­els and across all walks of life,” he said in the pres­ence of Yousef Ali al-Khater, Qatar’s envoy to the UK, and se­nior ex­ec­u­tives from QP, Qatar­gas, ExxonMo­bil and To­tal.

High­light­ing the im­por­tance of South Hook as an im­por­tant tool for lo­cal devel­op­ment; al-Kaabi said as QP and its part­ners made sig­nif­i­cant in­vest­ments to de­velop the im­port and re­gasi­fi­ca­tion fa­cil­i­ties in South Hook, the ter­mi­nal it­self be­came a provider of sta­ble lo­cal jobs, and a sup­porter of lo­cal com­mu­ni­ties, busi­nesses and ser­vices.

“South Hook Ter­mi­nal is a strate­gic in­vest­ment that sup­ports the se­cu­rity of en­ergy sup­plies to one of the world’s most dy­namic and vi­brant economies,” he said, thank­ing QP’s part­ners ExxonMo­bil and To­tal as well as the Welsh author­i­ties and se­nior of­fi­cials in the UK for their con­tin­u­ous sup­port.

The min­is­ter also thanked Qatar­gas for the safe and re­li­able sup­ply of LNG and Nak­i­lat for man­ag­ing the ship­ping.

Lo­cated on the Pem­brokeshire coast near Milford Haven in Wales, the South Hook LNG ter­mi­nal be­came com­mer­cially op­er­a­tional in March 2009 with the ar­rival of its com­mis­sion­ing cargo on board the QFlex class LNG car­rier “Tem­bek.”

HE al-Kaabi high­light­ing the im­por­tance of the UK LNG mar­ket at a spe­cial event in Lon­don to cel­e­brate the 10th an­niver­sary of South Hook ter­mi­nal.

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