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World's LNG Giant Is Pumping $20 Billion Into U.S. Oil, Gas

  • Qatar Petroleum set to back Golden Pass LNG project in Texas
  • Final decision on terminal expected in early 2019: al-Kaabi
LNG Natural Gas
Photographer: Tomohiro Ohsumi/Bloomberg
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Qatar Petroleum, the world’s biggest seller of liquefied natural gas, is looking to get even larger, investing $20 billion in America’s oil and gas fields at a time when rival U.S. exporters are expanding.

The investments will be made over five years, Chief Executive Officer Saad Sherida al-Kaabi said in an interview with Bloomberg News in Washington. Some of that will likely go toward lining up gas supplies for the Golden Pass LNG export project in Texas, being developed with Exxon Mobil Corp.