Qatar’s state energy giant QatarEnergy is to take over all marketing responsibilities currently overseen by Qatargas. The 20 February announcement marks the latest streamlining initiative undertaken by Minister of State for Energy Affairs Saad al-Kaabi since his appointment as QatarEnergy Managing Director (subsequently CEO) in 2014 (MEES, 19 September 2014).
Mr Kaabi’s tenure has been characterized by three primary tenets – aggressive expansion, streamlining of operations and squeezing IOC partners. This latest initiative arguably facilitates all three and underlines the extent to which QatarEnergy intends to keep a firm grip on the marketing of LNG volumes from its major expansion projects. (CONTINUED - 952 WORDS)