AFP, Doha :
Qatar, the world’s largest liquified natural gas producer, announced on Sunday it is to merge state-owned Qatargas and RasGas to create a “truly unique global energy operator”.
Saad Sherida al-Kaabi, president and chief executive of state-owned Qatar Petroleum, said the move to the merger would begin right away and the companies would begin operating under a single entity, named Qatargas, within 12 months.
He said the move would save “hundreds of millions of dollars”.
“The integration aims to create a truly unique global energy operator in terms of size, service and reliability,” he told reporters at a news conference.
Qatar, the world’s largest liquified natural gas producer, announced on Sunday it is to merge state-owned Qatargas and RasGas to create a “truly unique global energy operator”.
Saad Sherida al-Kaabi, president and chief executive of state-owned Qatar Petroleum, said the move to the merger would begin right away and the companies would begin operating under a single entity, named Qatargas, within 12 months.
He said the move would save “hundreds of millions of dollars”.
“The integration aims to create a truly unique global energy operator in terms of size, service and reliability,” he told reporters at a news conference.
