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Qatar calls time on Total, Exxon LNG venture

Helicopter on a helipad
Qatargas

Qatar Petroleum (QP) will become the sole owner of the Qatargas 1 joint venture, after opting not to renew the deal with Total, ExxonMobil, Marubeni and Mitsui.

QP will hold 100% of the venture as of January 1, 2022.

The Qatari company formed the QG1 venture in 1984.

“The takeover by Qatar Petroleum will conclude more than 25 years of successful operations of QG1, from which the first ever Qatari LNG cargo was exported,” said QP’s president and CEO Saad Sherida Al-Kaabi, also Minister of State for Energy Affairs.

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