Exclusive-Energy majors bid for Qatar LNG project despite lower returns By Reuters – Investing.com

  • Date: 14-Jun-2021
  • Source: Investing.com
  • Sector:Oil & Gas
  • Country:Qatar
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Exclusive-Energy majors bid for Qatar LNG project despite lower returns By Reuters – Investing.com

By Ron Bousso and Dmitry Zhdannikov

LONDON (Reuters) - Six top western energy firms are vying to partner in the vast expansion of Qatar's liquefied output, industry sources said, helping the Gulf state cement its position as the leading LNG producer while several large projects around the world recently stalled.

Exxon Mobil (NYSE:), Royal Dutch Shell (LON:), TotalEnergies and ConocoPhillips (NYSE:), which are part of Qatar's existing LNG production were joined by new entrants Chevron (NYSE:) and Italy's Eni in submitting bids on May 24 for the expansion project, industry sources told Reuters.