Latest news and articles about Qatar Energy from NEX English
Qatar Energy's decision to halt production in vital industries in Mesaieed, announced on March 3, has sent shockwaves through the Qatari economy, raising questions about its impact on local and international supply chains.
The Golden Pass plant, owned by Qatar Energy and ExxonMobil, has begun producing liquefied natural gas (LNG), potentially alleviating shortages caused by the Strait of Hormuz crisis. This announcement comes at a critical time as global markets face increasing tensions in the region.
Qatar Energy announced today the start of liquefied natural gas production from the Golden Pass project, its largest investment in the United States. The joint venture with ExxonMobil paves the way for the first gas shipment to be exported in the second quarter of this year.
Ras Laffan, Qatar's hub for liquefied natural gas production, was targeted by Iranian missile strikes, resulting in significant fires and damage. These attacks come amid rising regional tensions impacting global energy markets.
Qatar Energy announced today the declaration of force majeure on some of its long-term liquefied natural gas (LNG) supply contracts, impacting clients in Italy, Belgium, South Korea, and China. This decision comes amid significant geopolitical and economic challenges in the global gas market.