On February 1, 2017, Qatargas Operating Company Ltd., in which Mitsui & Co. holds a stake, held a ceremony in Doha, Qatar, commemorating the 20th anniversary of its first LNG delivery.
The lively ceremony was hosted by Qatargas Chairman Saad Sherida Al-Kaabi (who also serves as CEO of Qatar Petroleum) and was attended by the Prime Minister of the State of Qatar HE Sheikh Abdullah bin Nasser bin Khalifa Al-Thani. President Yasunaga represented Mitsui, and there were around 100 other guests including Qatari government officials, Japanese ambassador to the State of Qatar Seiichi Otsuka, and representatives from Japanese LNG buyers, shareholders, banks and shipping companies.
The event was also a great opportunity to acknowledge the strong ties between Japan and Qatar, and in his opening address Chairman Al-Kaabi expressed his gratitude to the Japanese parties involved, starting with the buyers, for their cooperation in the delivery of around 2,500 cargo shipments since the first cargo was delivered in 1997. Chubu Electric Power Co., Inc., president Satoru Katsuno responded by thanking Qatar for swiftly increasing the amount of LNG supplied to Japan following the Great East Japan Earthquake.
Qatargas first started delivering LNG in 1997, and by 2010 the State of Qatar had achieved a production capacity of 77 million tonnes. In 2016, approximately 12 million tonnes of this was delivered to Japan, making up about 15% of Japanese annual LNG imports.
Through the continued stable operation of this project, Mitsui aims to contribute to the State of Qatar and promote a safe and reliable supply of LNG to Japan.
Note: Mitsui & Co.’s stakes in Qatar LNG projects
Qatargas 1: upstream business 2.5%, midstream 7.5%
Qatargas 3: upstream and midstream 1.5%