Conoco Sees Gas Volatility Lasting Years as it Invests in Qatar (US.COP) - 20 iunie 2022

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ConocoPhillips said volatility in global gas markets may last years, as it joined other Western energy firms by investing in a $29 billion project to boost Qatar’s exports of the fuel. The Houston-based company will buy a 3.1% holding in the North Field East project. Chief Executive Officer Ryan Lance announced the deal alongside Qatar’s energy minister, Saad Al-Kaabi, in Doha on Monday. 

Once the extra gas is flowing, Qatar expects to send more shipments to Europe. Around 80% of Qatari LNG currently heads to Asia but the proportion being shipped to Europe will rise to 40%-50%, according to al-Kaabi.


https://finance.yahoo.com/news/conoco-sees-gas-volatility-lasting-102326824.html

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