Qatargas and RasGas to merge

Qatar is to merge state-owned liquefied natural gas producers Qatargas and RasGas. The transition, which will result in a single company called Qatargas, will take around 12 months to complete and will begin before the end of this year.

Qatargas is the largest LNG-producing company in the world, with an annual output capacity of 42m tonnes a year, while RasGas has a production capacity of about 37m tonnes a year. Combined the two will have the world’s largest operated LNG carrier fleet in the world.