The US-Qatar Business Council (USQBC) has released the print edition of the ‘Business Opportunity Report: Qatar’s Energy Sector’ to provide essential information for American companies interested in doing business in Qatar’s energy sector.
The report includes remarks from HE the Minister of State for Energy Affairs Saad bin Sherida al-Kaabi, who is also the president and CEO of Qatar Petroleum (QP), in addition to key information on Qatar’s energy sector targeted for US companies. The publication was sponsored by ConocoPhillips as Platinum Sponsor, ExxonMobil as Gold Sponsor, and Excelerate Energy as Silver Sponsor.
The US and Qatar have shared a rich history of partnership in the development and production of Qatar’s liquefied natural gas (LNG) fields. Through this close collaboration, Qatar has become the number one LNG exporter worldwide in addition to being a major petrochemical producer.
American companies have played a leading role in Qatar’s rise with international oil company giants like ExxonMobil, ConocoPhillips, Chevron Phillips Chemical Company (CPChem), and Excelerate Energy holding large stakes in Qatar’s energy sector.
Additionally, American construction and technology companies like McDermott International, Zachry Group, and Honeywell have also had significant engagements in Qatar in the development of critical infrastructure projects.
Qatar and the US are expected to continue their close collaboration with the massive North Field Expansion (NFE) project, which will expand Qatar’s LNG production. One of the most important aspects of the NFE is QP’s commitment to reducing its carbon emissions from its operations and recently released a strategy aligned with the goals of the Paris Agreement.
Underscoring Qatar’s interest to diversify its LNG holdings and the country’s close link with the US, QP is also investing in the US’ oil and gas sector with a recent $10bn investment in a joint venture with ExxonMobil for the Golden Pass LNG terminal in Texas.
“Together, the US and Qatar have become global LNG export leaders. Qatar Petroleum’s ambitions coupled with the country’s Tawteen initiative will create significant investment opportunities for American investors not just in exploration and production, but throughout the entire supply chain,” said USQBC managing director Mohamed Barakat.
Through Qatar’s commitment to diversify its economy, create in-country value, and attract additional American investors, QP has introduced a supply chain localisation programme for the energy sector called. This localisation programme will provide hundreds of new investment opportunities and will promote the collaboration of suppliers and energy sector companies.
“Qatar and the US continue to reinforce their important business partnership in the energy sector. Not only will Qatar’s North Field Expansion project create many additional opportunities for US investors in the energy field, but it will also serve as a multiplier across the spectrum of industry in Qatar’s rapidly diversifying economy,” said USQBC Doha Office managing director Sheikha Mayes bint Hamad al-Thani.
The Qatar-US relationship has grown steadily and is now worth more than $200bn. The US has been a key partner in Qatar’s rapid economic growth and diversification with over 850 US businesses operating in the country.
The USQBC is the premier entity to facilitate trade and investment between the two countries and provides advisory and consulting services, reports and publications, and hosts events to build business relationships between the two countries. USQBC is dedicated to helping its American and Qatari members expand their business and encourage foreign investment and trade.
The report includes remarks from HE the Minister of State for Energy Affairs Saad bin Sherida al-Kaabi, who is also the president and CEO of Qatar Petroleum (QP), in addition to key information on Qatar’s energy sector targeted for US companies. The publication was sponsored by ConocoPhillips as Platinum Sponsor, ExxonMobil as Gold Sponsor, and Excelerate Energy as Silver Sponsor.
The US and Qatar have shared a rich history of partnership in the development and production of Qatar’s liquefied natural gas (LNG) fields. Through this close collaboration, Qatar has become the number one LNG exporter worldwide in addition to being a major petrochemical producer.
American companies have played a leading role in Qatar’s rise with international oil company giants like ExxonMobil, ConocoPhillips, Chevron Phillips Chemical Company (CPChem), and Excelerate Energy holding large stakes in Qatar’s energy sector.
Additionally, American construction and technology companies like McDermott International, Zachry Group, and Honeywell have also had significant engagements in Qatar in the development of critical infrastructure projects.
Qatar and the US are expected to continue their close collaboration with the massive North Field Expansion (NFE) project, which will expand Qatar’s LNG production. One of the most important aspects of the NFE is QP’s commitment to reducing its carbon emissions from its operations and recently released a strategy aligned with the goals of the Paris Agreement.
Underscoring Qatar’s interest to diversify its LNG holdings and the country’s close link with the US, QP is also investing in the US’ oil and gas sector with a recent $10bn investment in a joint venture with ExxonMobil for the Golden Pass LNG terminal in Texas.
“Together, the US and Qatar have become global LNG export leaders. Qatar Petroleum’s ambitions coupled with the country’s Tawteen initiative will create significant investment opportunities for American investors not just in exploration and production, but throughout the entire supply chain,” said USQBC managing director Mohamed Barakat.
Through Qatar’s commitment to diversify its economy, create in-country value, and attract additional American investors, QP has introduced a supply chain localisation programme for the energy sector called. This localisation programme will provide hundreds of new investment opportunities and will promote the collaboration of suppliers and energy sector companies.
“Qatar and the US continue to reinforce their important business partnership in the energy sector. Not only will Qatar’s North Field Expansion project create many additional opportunities for US investors in the energy field, but it will also serve as a multiplier across the spectrum of industry in Qatar’s rapidly diversifying economy,” said USQBC Doha Office managing director Sheikha Mayes bint Hamad al-Thani.
The Qatar-US relationship has grown steadily and is now worth more than $200bn. The US has been a key partner in Qatar’s rapid economic growth and diversification with over 850 US businesses operating in the country.
The USQBC is the premier entity to facilitate trade and investment between the two countries and provides advisory and consulting services, reports and publications, and hosts events to build business relationships between the two countries. USQBC is dedicated to helping its American and Qatari members expand their business and encourage foreign investment and trade.
