Qatar chooses Snam to market LNG in Europe
This paper reports that Qatar has chosen Italy's Snam SpA as its European partner to sell liquefied natural gas to Europe from a $4.8 billion joint venture project involving supergiant North offshore gas field. State owned Qatar General petroleum Corp. (QGPC) and Snam signed an agreement in Doha to create a joint company owned 65% by QGPC and the remainder by Snam. Italy's state electricity monopoly, ENEL, which is seeking Qatari gas a fuel for its power plants, may later acquire part of Snam's interest in the project. The joint venture will transport and market North LNG to Europe. Exports to Europe by Snam via Italy, to begin in 1997, are expected to be 283 bcf/year at first and may climb to 459 bcf/year, depending upon demand.
- OSTI ID:
- 5050698
- Journal Information:
- Oil and Gas Journal; (United States), Vol. 90:24; ISSN 0030-1388
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
LIQUEFIED NATURAL GAS
MARKETING
QATAR
EUROPE
ITALY
JOINT VENTURES
MARKET
NATURAL GAS INDUSTRY
ASIA
COOPERATION
DEVELOPED COUNTRIES
DEVELOPING COUNTRIES
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
INDUSTRY
LIQUEFIED GASES
MIDDLE EAST
NATURAL GAS
030600* - Natural Gas- Economic
Industrial
& Business Aspects