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Portugal Sees Qatar As Strategic Partner Seeks Investments In Lithium, Green Hydrogen, LNG
(MENAFN- Gulf Times) Portugal is eyeing funding from Qatar for its lithium refinery and also looking at Doha as a strategic partner for its green hydrogen, liquefied natural gas (LNG) infrastructure, solar and wind, chemicals and petrochemicals and Pharmaceutical sectors.
In this regard, a delegation comprising nine companies will meet with potential investors, including the Qatar investment Authority, starting today until February 18 at Sheraton Hotel.
"The knowledge and confidence acquired on the Qatari market from lasting years, the amazing achievements and legacy from the Qatar 2022, and new projects, support our trust and confidence on dynamic and positive outlook on collaboration between the two countries," Nuno Anahory, executive board member and director (International Relations) of Arab Portuguese Chamber of Commerce and Industry (CCIAP) told Gulf Times.
On lithium refinery, he said the objective is to raise funding for pre-construction and construction.
With some 60,000 tonnes of known reserves, Portugal is already Europe's biggest producer of lithium, traditionally mined for ceramics.
"I think Qatar can look to Portugal, and be a strategic partner in the extraction and processing of these raw materials," he said, adding besides lithium, there are opportunities in tin, niobium, tantalum, gold, silver, feldspar and quartz.
Highlighting that Portugal and Qatar share complementary strengths in energy, petrochemicals, chemicals, and technology sectors, presenting significant investment opportunities for collaboration; he said, "There is strong potential for Qatari investment in green hydrogen production as Portugal aims to become a major European hub, and Doha's expertise in energy infrastructure could accelerate this."
With its deep-water port and direct pipeline to Central Europe, Portugal offers a strategic entry point for Qatari LNG into the European market through its Port of Sines, which has a regasification terminal in Setubal District, and accounts for more than 55% of gas entering Portugal. It lies about 150km to the south of Lisbon.
Qatar had delivered its first LNG cargo to Portugal in 2010. The cargo, sold on the spot market, was delivered to Galp Energia SGPS at the Sines LNG terminal.
On the prospects in petrochemicals, Anahory said it include joint ventures in refining and petrochemical plants as Qatar's expertise in hydrocarbons can strengthen Portugal's industrial base and Qatar Inc. can invest in high-value petrochemicals, such as polymers and synthetic materials, for the European markets.
Highlighting the plenty of opportunities to be explored between both countries; he said Portugal has ongoing projects open for investment in infrastructure, renewable energy, technology, real estate, hospitality, football, sports, tourism, information technology, artificial intelligence and entertainment.
Stressing that Portugal developers are actively seeking investments in the real estate sector; Anahory said partnerships with investors are welcomed because the European Central Bank rules limit the capacity of the local banks to finance the existing opportunities.
The country has become a hotspot for international property investors due to its attractive combination of affordability, high quality of life, safety, and strong returns on investment, according to him.
"The Portuguese real estate market has shown resilience and consistent growth, making it an appealing destination for foreign investors," he said, adding foreigners can hold equity in the Portuguese real estate sector under the same conditions as domestic buyers.
Through CCIAP, he said, it is actively working to connect Qatari investors with Portugal's AI and technology innovation ecosystem, ensuring both nations stay at the forefront of the global digital revolution.
In this regard, a delegation comprising nine companies will meet with potential investors, including the Qatar investment Authority, starting today until February 18 at Sheraton Hotel.
"The knowledge and confidence acquired on the Qatari market from lasting years, the amazing achievements and legacy from the Qatar 2022, and new projects, support our trust and confidence on dynamic and positive outlook on collaboration between the two countries," Nuno Anahory, executive board member and director (International Relations) of Arab Portuguese Chamber of Commerce and Industry (CCIAP) told Gulf Times.
On lithium refinery, he said the objective is to raise funding for pre-construction and construction.
With some 60,000 tonnes of known reserves, Portugal is already Europe's biggest producer of lithium, traditionally mined for ceramics.
"I think Qatar can look to Portugal, and be a strategic partner in the extraction and processing of these raw materials," he said, adding besides lithium, there are opportunities in tin, niobium, tantalum, gold, silver, feldspar and quartz.
Highlighting that Portugal and Qatar share complementary strengths in energy, petrochemicals, chemicals, and technology sectors, presenting significant investment opportunities for collaboration; he said, "There is strong potential for Qatari investment in green hydrogen production as Portugal aims to become a major European hub, and Doha's expertise in energy infrastructure could accelerate this."
With its deep-water port and direct pipeline to Central Europe, Portugal offers a strategic entry point for Qatari LNG into the European market through its Port of Sines, which has a regasification terminal in Setubal District, and accounts for more than 55% of gas entering Portugal. It lies about 150km to the south of Lisbon.
Qatar had delivered its first LNG cargo to Portugal in 2010. The cargo, sold on the spot market, was delivered to Galp Energia SGPS at the Sines LNG terminal.
On the prospects in petrochemicals, Anahory said it include joint ventures in refining and petrochemical plants as Qatar's expertise in hydrocarbons can strengthen Portugal's industrial base and Qatar Inc. can invest in high-value petrochemicals, such as polymers and synthetic materials, for the European markets.
Highlighting the plenty of opportunities to be explored between both countries; he said Portugal has ongoing projects open for investment in infrastructure, renewable energy, technology, real estate, hospitality, football, sports, tourism, information technology, artificial intelligence and entertainment.
Stressing that Portugal developers are actively seeking investments in the real estate sector; Anahory said partnerships with investors are welcomed because the European Central Bank rules limit the capacity of the local banks to finance the existing opportunities.
The country has become a hotspot for international property investors due to its attractive combination of affordability, high quality of life, safety, and strong returns on investment, according to him.
"The Portuguese real estate market has shown resilience and consistent growth, making it an appealing destination for foreign investors," he said, adding foreigners can hold equity in the Portuguese real estate sector under the same conditions as domestic buyers.
Through CCIAP, he said, it is actively working to connect Qatari investors with Portugal's AI and technology innovation ecosystem, ensuring both nations stay at the forefront of the global digital revolution.
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