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News // Politics

Sergei Lavrov: Russia to coordinate energy policy with Qatar

05 March 2019 , 10:11Neftegaz.RU592

Doha, March 5 - Neftegaz.RU. Russia and Qatar, as major natural gas producers, have agreed to coordinate their policies in the energy sector, said Russian Foreign Minister Sergei Lavrov.

 

«We agreed to continue coordinating steps in the global energy market, including within the Doha Gas Exporting Countries Forum (GECF),» S.Lavrov said at a press conference in Doha after talks with Qatari Deputy PM and Foreign Minister Mohammed bin Abdulrahman Al-Thani.

 

The GECF is an international governmental organization uniting 12 major natural gas producers, including Qatar and Russia. Qatar holds proven natural gas reserves of some 25 trillion m3, the 3rd largest after Russia and Iran, and it's also the world's top exporter of LNG.

The Arab country also has oil resources. It holds proven crude oil reserves of about 25 billion barrels, compared to some 60 billion barrels in Russia, according to the GECF. At the press conference, Lavrov said he drew Al-Thani's attention to the interest of Russian oil & gas companies, including Lukoil, Zarubezhneft, Gazprom and Novatek, to develop mutually beneficial projects with Qatari partners.

 

Lavrov and Al-Thani also gave a positive assessment of the interaction between the Russian Direct Investment Fund and the Qatar Investment Authority (QIA), as well as the latter's participation in the Russian oil giant Rosneft, Lavrov said. In 2016, the state-owned QIA jointly acquired with Swiss trader Glencore a 19.5 % stake in Rosneft.

 

To read the full story in Russian.

 

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