Doha Announces Completion of LNG Merger

Logo of Qatargas is seen outside its building in Doha, Qatar, June 13, 2017. REUTERS/Stringer
Logo of Qatargas is seen outside its building in Doha, Qatar, June 13, 2017. REUTERS/Stringer
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Doha Announces Completion of LNG Merger

Logo of Qatargas is seen outside its building in Doha, Qatar, June 13, 2017. REUTERS/Stringer
Logo of Qatargas is seen outside its building in Doha, Qatar, June 13, 2017. REUTERS/Stringer

Qatar said Wednesday that Qatargas and RasGas had merged in a move aimed at cutting costs and creating a global energy giant in a plan first announced in December 2016.

Qatargas and RasGas, operators of the country’s liquefied natural gas (LNG) industry, were merged under the brand name Qatargas.

"On January 1, we announced the birth of the new Qatargas," the chief executive of national oil company Qatar Petroleum, Saad al-Kaabi, told a press conference.

Kaabi said the merger will save two billion Qatari riyals ($545 million) annually.

He added that Qatar wanted to create a truly unique global energy operator in terms of size, service and reliability.

The conference was attended by senior executives from ExxonMobil, Total, Shell and ConocoPhillips, which are Qatargas' shareholders.

Current Qatargas CEO Sheikh Khalid bin Khalifa al-Thani has been appointed as the CEO of the new Qatargas. 



Saudi Inflation Rate Remains Stable at 2.3% in June 2025

The Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025
The Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025
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Saudi Inflation Rate Remains Stable at 2.3% in June 2025

The Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025
The Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025

The General Authority for Statistics (GASTAT) reported that the annual inflation rate in Saudi Arabia remained stable at 2.3% in June 2025 compared to the same month of the previous year.

The Consumer Price Index (CPI) also remained steady at 0.2% in June 2025 compared to May 2025, on a monthly basis.

Similarly, the Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025 compared to the same month last year. However, the WPI decreased by 0.1% in June 2025 compared to May 2025.

According to GASTAT, CPI reflects price changes paid by consumers for a fixed basket of 490 goods and services. This basket was selected based on the results of the 2018 Household Income and Expenditure Survey. Prices are collected through field visits to points of sale, and the CPI statistics are published monthly.