October
22, 2003.
Venezuela is offering Qatar
a 9% stake in LNG project
(Dow Jones, reproduced by Petroleumworld.com)
Abdullah bin Hamad al-Attiyah said that Venezuela
is offering Qatar a 9% equity stake in its planned
$2.7 billion Mariscal Sucre natural gas project
reported Dow Jones.
Al-Attiyah told Dow Jones Newswires that he discussed
the project with Venezuelan Deputy Oil Minister
Luis Vierma who visited Qatar last week specifically
to review the plans with Qatari officials.
"We are interested in the project and we
are going to study its economics and evaluate
it further", he said, on the sideline of
a gas conference. He said his government won't
find it difficult to finance the project, reported
Dow Jones. Standard & Poor's gave Qatar´s
an "A" ratings for its long-term foreign
currency sovereign credit and senior unsecured
debt ratings for the State of Qatar, and on its
long-term local currency sovereign credit rating
for Qatar an 'A' with the outlook stable.
Venezuela´s oil company PDVSA partners in
the Mariscal Sucre project are Shel and Mitsubishi
Corp. The project is expected to produce around
4.7 million metric tons of LNG annually.
