Erep, Anlıns, Cmpny, Com, Cru, Ener, Enff, Eng, Enr, Env, Exclsv, Expro, Expro1, Gen, News1, Ngl, Ngs, Nrg, Oılg, Oılı, Oılı08, Prod, Pxp, Refı, Refı1, Uk, Vcrım, Gb, Weu, Amers, Swasıa, It, Europ, Meast, Tglf, Ezc, Namer, Asxpac, Qa, Emrg, Asıa, Fr, M:Ez

Erep, Anlıns

EXCLUSIVE Energy majors bid for Qatar LNG project despite lower returns

EXCLUSIVE Energy majors bid for Qatar LNG project despite lower returns

6/14/2021 2:35:00 AM

EXCLUSIVE Ener gy majors bid for Qatar LNG project despite lower returns

Six top western energy firms are vying to partner in the vast expansion of Qatar's liquefied natural gas output, industry sources said, helping the Gulf state cement its position as the leading LNG producer while several large projects around the world recently stalled.

The bids show energy giants continue to have appetite for investing in competitive oil and gas projects despite growing government, investor and activist pressure on the sector to tackle greenhouse gas emissions.Unlike Qatar's early LNG projects in the 1990s and 2000s when the country relied heavily on international oil companies' technical expertise and deep pockets, the country's national oil company Qatar Petroleum (QP) has gone ahead alone with the development of the nearly $30 billion North Field expansion project.

Landlord tells 'America's Newsroom' he’s out $34,000, slams 'crazy' evictions moratorium Neil A. Armstrong Benny Gantz says Israel ready to strike Iran as tensions run high: 'Don't test us'

It is, however, seeking to partner with the oil majors in order to share the financial risk of the development and help sell the additional volumes of LNG it will produce."I don't think QP need the IOCs expertise in the upstream or midstream construction of the project but they will be glad to see someone take some LNG volumes off their hands," a senior source in one of the bidding companies said.

Qatar plans to grow its LNG output by 40% to 110 million tonnes per annum (mtpa) by 2026, strengthening its position as the world leading exporter of the super-chilled fuel.An Eni spokesperson confirmed the company is participating in the bidding process. QP, Shell, Chevron, TotalEnergies, Conoco declined to comment.

Exxon said it did not comment on market rumours, but added: "We look forward to continuing success in future projects with our partners Qatar Petroleum and the State of Qatar. ExxonMobil affiliates are working with Qatar Petroleum to identify international joint venture opportunities that further enhance the portfolio of both."

Leading energy companies see natural gas as a key fuel in the world's efforts to cut carbon emissions and replace the more polluting coal, although the International Energy Agency said in a report last month that investments in new fossil fuel projects should stop immediately in order to meet U.N.-backed targets aimed at limiting global warming.

read moreActivists say that expansion in natural gas delays a transition to renewable energy that is needed to meet U.N.-backed targets to battle climate change. The European Union is in the midst of a debate about what role gas should take in the energy transition.

Read more: Reuters Top News »

Gospel singer Shirley Caesar's 'Star Wars'-themed theater goes viral - CNN Video

Grammy Award-winning gospel singer Shirley Caesar's $1.5M home listing went viral for its movie theater full of Star Wars and Star Trek memorabilia.

NPR Cookie Consent and ChoicesTc tuggers Good news! Thx Goodness. Another 👇decade long fight has finally ended (for now, at least)! 👏👏👍 ‘Yucca Mountain': 'U.S. Secretary of Energy Jennifer Granholm said plans to use Yucca Mountain as a nuclear storage waste facility are off the table.' .. Jun 10, 2021

Jane Fonda Talks Cannabis, Is Hot On Hemp For The U.S.Jane Fonda talks cannabis: “Needless to say, I have smoked pot in my life,” Nobody cares 🤦‍♂️ Yep. were you on the wacky in Vietnam? While you were posing for a photo on top of a north Vietnamese tank? Please get this bitch out of my face.

Check Your Credit Score Right Now — These Common Errors Are Hurting Your Credit ReportIf you check your credit score right now, you could see these common errors:

Amy Schumer Responds to Truck Stop Doppelganger Blowing Up Twitter'Amelia' claimed she didn't murder anyone, despite her teardrop tattoo (via toofab) TooFab That’s scary lmao twinssss TooFab Well... Her uncle should have that tattoo. TooFab Homicide…manslaughter….any tribute is better than a teardrop tattoo. That’s a hardcore con thing. She needs to smarten the fuck up.

Jennifer Lopez’s Mom Is Reportedly ‘Thrilled’ She’s Dating Ben Affleck AgainShe was seen on the set of Ben’s new project in Las Vegas.

End of an era: American will drop its in-flight magazineAfter more than half a century in airplane seatback pockets, the American Airlines in-flight magazine American Way is going away. hands off Ethiopia Just print the crossword puzzle and IQ challenge, it’s the only thing people read. The airplane facts and route maps are fun to look at too... americanairlnes sad, bad mkt move