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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
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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. 

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Saudi Arabia’s GAMI Participates in Paris Airshow 2025 to Boost Global Partnerships

GAMI's involvement in the airshow builds on the Kingdom's ongoing successes at international forums and underlines its commitment to developing a competitive defense and security industrial sector. (SPA)
GAMI's involvement in the airshow builds on the Kingdom's ongoing successes at international forums and underlines its commitment to developing a competitive defense and security industrial sector. (SPA)
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Saudi Arabia’s GAMI Participates in Paris Airshow 2025 to Boost Global Partnerships

GAMI's involvement in the airshow builds on the Kingdom's ongoing successes at international forums and underlines its commitment to developing a competitive defense and security industrial sector. (SPA)
GAMI's involvement in the airshow builds on the Kingdom's ongoing successes at international forums and underlines its commitment to developing a competitive defense and security industrial sector. (SPA)

Saudi Arabia’s General Authority for Military Industries (GAMI) launched on Monday its participation at the International Paris Airshow 2025, held at Paris-Le Bourget Airport until June 22.

The opening day was attended by GAMI Governor Eng. Ahmad Abdulaziz Al-Ohali, Minister of Transport and Logistic Services Saleh Al-Jasser, President of the General Authority of Civil Aviation Abdulaziz bin Abdullah Al-Duailej, and Saudi Ambassador to France Fahad Al-Ruwaily, along with numerous officials, experts, and experts from around the world.

Al-Ohali emphasized that GAMI’s participation in the airshow aligns with its efforts to strengthen international partnerships, attract high-value investments, and empower national talent.

These efforts contribute to achieving the goals of Saudi Vision 2030, including the localization of over 50% of military spending, he added.

Such international engagements underscore Saudi Arabia’s growing global influence and highlight the significant progress made in developing investor-friendly policies, regulations, and an industrial environment that supports the sector’s growth both domestically and globally, he stressed.

GAMI's involvement in the airshow builds on the Kingdom's ongoing successes at international forums and underlines its commitment to developing a competitive defense and security industrial sector.

The sector aims to support the national economy and achieve sustainable security by building international partnerships that serve mutual interests.