Qatar, Exxon to Assess Unconventional Gas in North America

Qatar Petroleum International and Exxon Mobil Corp. have agreed to jointly assess unconventional gas resources in North America and global opportunities in liquefied natural gas (LNG), Reuters has reported.

Both companies are involved in LNG projects in Qatar, the world’s biggest LNG exporter. They also have shared interests in LNG terminals in the United Kingdom, Italy and the US.

In a joint statement Qatar Petroleum International (QPI) and US oil and gas company ExxonMobil said the agreement sought to give QPI opportunities to explore various unconventional natural gas resources and associated liquids.

“(It) signifies our joint interest in expanding our partnership both domestically and internationally in order to address the growing and evolving role of natural gas, which continues to play a larger role in meeting the needs of an increasing population,” said Nasser Al-Jaidah, chief executive officer of QPI, Reuters reported.