(MENAFN) Qatar seeks to turn into a worldwide gas power by financing in "hundreds of ships" that can ship liquefied natural gas (LNG), as stated by Qatar’s energy minister on Tuesday.
The Gulf nation is in the action of establishing “the largest fleet of ships in the world” to ship LNG, Saad Sherida Al-Kaabi, who is also the leader and chief executive of QatarEnergy, informed German daily Bild.
The equivalent of €20 billion (USD20.7 billion) was financed in the fleet, which is presently being established in China as well as South Korea. There is going to be "hundreds of ships" that would make Qatar a worldwide gas power, he also mentioned.
Previously in the day, al-Kaabi inked a deal with Germany which would yearly ship 2 million tons of LNG to the European nation active with 4 years (2026).
"This is the first deal we've ever made in Germany. As you know, there is no (LNG) terminal in Germany. A new one is being built,” he stated.
He continued: "If you look at the total consumption, this corresponds to around 3 percent of German gas consumption."
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