QPI 'shelved, but not killed' Russia's Yamal LNG project
- Qatar: Thursday, March 07 - 2013 at 06:53
Qatar Petroleum International (QPI) has said it is no longer in negotiations to take a stake in an Arctic liquefied natural gas (LNG) project under development by Russian gas producer Novatek, Reuters has reported. In late 2011, Qatar's energy minister, Mohammed al-Sada said the world's leading LNG producer was keen to join the project, which backers Novatek and Total hope will produce super-cooled gas from the Arctic Yamal peninsula by 2016. "At QPI we look at opportunities on a case-by-case basis. Yamal was one of those opportunities," Ahmed Abdulqader al-Ahmed, QPI's executive upstream director, said. QPI had "shelved, but not killed" the idea of taking a stake in Yamal, he said, declining to elaborate.
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