Qatar to merge LNG producers Qatargas & RasGas

Qatar will merge state-owned liquefied natural gas producers Qatargas and RasGas Co Ltd

The more-than-two-year slump in oil prices has forced Gulf countries to reduce state spending and consider consolidations as a way to cut costs: among the biggest being Abu Dhabi's merging of Mubadala and International Petroleum Development Co.

While Qatar is more focused on gas than oil, it too has been forced into reorganisations, with QP already going through a process that reduced staffing and earmarked a number of assets for divestment.

The tie-up of Qatargas and RasGas, Qatar's number one and two LNG producers respectively, has been talked about for a number of years stretching back before the oil price reduction.

http://m.gulf-times.com/story/524265/Qatar-to-merge-LNG-producers-Qatargas-RasGas