How the Middle East conflict is reshaping gas and LNG markets
Wood Mackenzie has warned that the Middle East conflict threatens 200 million tpy of Asian LNG demand growth over the next decade as Qatar declares force majeure on shipments.
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Wood Mackenzie has warned that the Middle East conflict threatens 200 million tpy of Asian LNG demand growth over the next decade as Qatar declares force majeure on shipments.
Further to its announcement to stop production of LNG and associated products, QatarEnergy has declared force majeure to its affected buyers.
ICIS has provided analysis and context on the evolving situation in the Middle East and its impact on energy markets.
Due to military attacks on QatarEnergy’s operating facilities in Ras Laffan Industrial City and Mesaieed Industrial City in Qatar, QatarEnergy has ceased production of LNG and associated products.
Technip Energies, as leader of the T.ENCCCGAC joint venture with Consolidated Contractors Company and Gulf Asia Contracting, has been awarded an EPCC contract by QatarEnergy for the onshore LNG facilities of the North Field West project.
Worley Ltd has been awarded a contract by Samsung C&T Corp. to deliver detailed engineering services for the QatarEnergy LNG carbon dioxide sequestration.
JERA Co., Inc. has announced the signing of a long-term LNG sale and purchase agreement with QatarEnergy to secure the supply of 3 million tpy for 27 years.
Bureau Veritas Marine & Offshore has announced the launch of its Gas Center of Excellence in Doha, Qatar, strengthening its commitment to supporting the continued growth of LNG and gas projects worldwide.
PETRONAS has signed a 20-year LNG sale and purchase agreement with QatarEnergy.
Chiyoda Corp., has been awarded a FEED contract by QatarEnergy LNG for the North Field West LNG onshore facilities in Qatar.
QatarEnergy has signed a memorandum of understanding with the Ministry of Petroleum and Mineral Resources of the Arab Republic of Egypt, with special focus on the supply of LNG to Egypt.
Saipem, in partnership with Offshore Oil Engineering Co. Ltd, has been awarded an offshore EPCI contract by QatarEnergy LNG for the COMP5 package of the North Field Production Sustainability Offshore Compression Complexes project.