LNG giant QatarEnergy has completed the previously announced integration of all marketing and related activities formerly managed by its unit QatarEnergy LNG, previously known as Qatargas.
In February this year, QatarEnergy said it take over all the marketing and related activities managed by its LNG producing unit.
After that, Qatargas also changed its name to QatarEnergy LNG in September this year.
Established in 1984, Qatargas currently operates 14 LNG production trains with a capacity of about 77 Mtpa in Ras Laffan.
However, state-owned QatarEnergy is significantly increasing LNG production from the North Field.
This first phase of the expansion project will increase Qatar’s LNG production capacity from 77 to 110 Mtpa, while the second phase will further boost capacity to total 126 Mtpa.
QatarEnergy, previously known as Qatar Petroleum, also changed its name in October 2021.
The state-owned firm said in a statement on Sunday that the integration of all QatarEnergy LNG’s marketing activities is a “major move towards consolidating QatarEnergy’s position as a global energy leader and an important milestone to enhance the effectiveness of LNG marketing and sales from Qatar.”
With this integration, QatarEnergy will offer an even more diversified and integrated portfolio of products and services, ensuring a “seamless and enhanced customer experience.”
It will also be the sole point of contact for Qatar’s existing and prospective energy customers globally, it said.