Qatar to leave OPEC from January 2019

Qatar to leave OPEC from January 2019
Image courtesy of Qatar Petroleum

World’s largest liquefied natural gas exporter Qatar has decided to step away from the Organization of the Petroleum Exporting Countries (OPEC). 

Speaking at a news conference, Qatar’s minister of state for energy affairs, Qatar Petroleum’s president and CEO Saad Sherida Al-Kaabi, the country is set to withdraw effective January 1, 2019.

Al-Kaabi, said, “Qatar has worked diligently during the past few years to develop a future strategy based on growth and expansion, both in its activities at home and abroad.”

The decision follows Qatar’s revision of its international role as well as its long-term strategy that will put even more focus on its natural gas industry.

Al-Kaabi added that Qatar is set to attend this week’s OPEC meeting in Vienna. OPEC members will be meeting in Austria to discuss supply cuts.

Qatar, currently producing 77 mtpa of LNG has devised plans to increase the production capacity to 110 mpta.


LNG World News Staff

Share this article

Follow LNG World News

Posted on December 3, 2018 with tags , .


<< Apr 2019 >>
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

Central and Eastern Europe SSLNG Forum

SSLNG projects are important for Central and Eastern Europe (CEE) because they offer opportunities for solving issues…

read more >

Klaipeda LNG Forum 2019

Klaipėda LNG forum 2019 organised by Klaipėda Science and Technology Park, Klaipėdos nafta and Embassy of the Netherlands will take place on the 15-16 May at Klaipėda Castle’s site hall, Lithuania.

read more >

Flame 2019

Flame is Europe’s largest gathering of midstream gas & LNG players, bringing together everyone who matters – from producers to utilities, purchasers, infrastructure providers, traders, regulators and policy makers.


More info

read more >