Qatar Petroleum announced the official start of operations of Qatargas following the completion of its integration with RasGas, a process that began in December 2016. The announcement was made by Saad Sherida Al-Kaabi, president & CEO of Qatar Petroleum, during a press conference held at QP headquarters. “As of the first of January 2018, all the ventures that were operated by Qatargas and RasGas are now operated by the new ‘Qatargas’, which is the result of the integration of two great energy centers of excellence,” he said. “Our aim was to integrate the two companies’ resources and capabilities to create a truly unique global energy operator in terms of size, service and reliability. We also aimed to create higher value for our stakeholders, and enhance the competitive position of the Qatari gas industry.”
Representatives from Exxon Mobil, Total, Conoco Phillips and Shell—the main international shareholders in both merged companies—were in attendance. At the conclusion of his remarks, Al-Kaabi extended his thanks and appreciation to them and all the buyers of Qatari gas around the world for their trust and confidence in Qatar Petroleum and in the State of Qatar, assuring them that Qatar will do its utmost to ensure the continued safe and reliable LNG delivery to their friendly countries. He also took the opportunity to thank all management teams from Qatar Petroleum, its international partners, Qatargas and RasGas for contributions to creation of the new Qatargas.
The integration process will continue to focus on providing enhanced service, reliability, efficiency and effectiveness, according to Qatargas, as well as strengthening operations groups, which remained unimpacted by the integration, as the highest priority was given to ensuring a safe, seamless and risk-free business continuity.