Qatar changed the name of its state-owned oil and gas firm to Qatar Energy from Qatar Petroleum to reflect what it said was a broader strategy but said it had no plans to sell assets to raise funds as other Gulf state producers have.
Amid surging global gas prices, Qatar aims to expand LNG output to 127 million tons a year by 2027 from 77 million tons. Qatar Energy, under the name Qatar Petroleum, had raised $12.5 billion through a bond issue in June. Kaabi said the cash was"sitting in accounts and not being used...to make sure that we have enough liquidity."
Source: Energy Industry News (energyindustrynews.net)
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