Qatargas Is Now QatarEnergy LNG

Qatargas Is Now QatarEnergy LNG

/ Oil & Gas / Friday, 15 September 2023 10:34

In cognizance of the liquefied natural gas (LNG) industry’s growing importance in the energy market, QatarEnergy has rebranded its subsidiary Qatargas as QatarEnergy LNG.

With a new name and logo, QatarEnergy LNG will continue to deliver on its commitment to safety, environmental protection, flawless project delivery and the reliability and efficiency of its production facilities, according to the company’s statement.

The development reflects QatarEnergy’s continued commitment to LNG as a critical source of energy for decades to come and a vital enabler of the energy transition.

Also read: Qatar Signs Second 27-Year LNG Supply Deal With China’s CNPC

Commenting on the announcement, His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy lauded the leading role of Qatargas over the past four decades. “Today, ‘QatarEnergy LNG’ carries this legacy forward well into the 21st century helping meet the world’s growing energy demand, placing LNG at the center of a realistic energy transition, and playing a critical role in safeguarding energy security and eliminating energy poverty,” said Al Kaabi.

 “While we recognize the tremendous value that the Qatargas brand has accumulated over time, we believe that this evolution will further strengthen Qatar’s global position by creating and leveraging a stronger salient link to the QatarEnergy brand to deliver even more value to the State of Qatar, its customers and the broader stakeholders’ ecosystem,” he added.

Established in 1984 as Qatargas, “QatarEnergy LNG” is a unique global energy operator in terms of size, service and reliability. It currently operates 14 LNG production trains and is at the center of QatarEnergy’s efforts to raise Qatar’s LNG production capacity to 126 million tons per annum.​

In 2022, global trade in liquefied natural gas (LNG) set a record high, averaging 51.7 billion cubic feet per day (Bcf/d), a 5% increase compared with 2021, according to data by CEDIGAZ.

Also read: China’s Sinopec Gets 5% Stake in Qatar’s North Field East Project

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