1971 CE
Discovery of North Field
The North Field, the world's largest non-associated gas field, is discovered offshore Qatar. This discovery would later underpin Qatar's LNG industry. #energy #LNG
Chronological Storyline (33 Milestones)
Jul 1, 1974 CE
Founding of Qatar Petroleum
Emiri Decree No. 10 establishes Qatar Petroleum (QP) as the state-owned oil and gas company, taking over concessions from foreign firms. It is tasked with overseeing all hydrocarbon operations in Qatar. #energy #history
By QatarEnergy - brandlogos.net, Public domain, https://commons.wikimedia.org/w/index.php?curid=165603552
1975 CE
QP Acquires Dukhan Oilfield Stake
Qatar Petroleum takes over operations of the Dukhan oilfield from Shell, gaining full control of the country's main onshore oil production. #energy #oil
1984 CE
Formation of Qatargas
Qatargas is established as a joint venture with Total, ExxonMobil, and others to develop LNG from the North Field. It becomes the first LNG company in Qatar. #LNG #energy
By Qatar Energy - https://www.qatarenergylng.qa/_layouts/15/NewCo/Images/logo.png, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=141673961
1991 CE
Establishment of Ras Laffan Industrial City
Ras Laffan Industrial City is founded as a hub for LNG, petrochemical, and heavy industries. It later hosts the world's largest LNG export facilities. #energy #infrastructure
By Matthew Smith @ Flickr - https://www.flickr.com/photos/96701339@N04/39650222120/, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=83823860
1993 CE
Formation of RasGas
RasGas is established as a joint venture between QP and ExxonMobil to develop a second LNG train at Ras Laffan. It becomes a major LNG producer. #LNG #energy
Dec 1, 1996 CE
First LNG Export from Qatargas
Qatargas ships its first LNG cargo to Japan, marking Qatar's entry into the global LNG market. The shipment initiates a long-term supply contract. #LNG #energy
1998 CE
Dolphin Gas Project Agreement
QP signs a agreement to supply natural gas to the UAE via the Dolphin Pipeline, the first cross-border gas pipeline in the region. #energy #gas
2001 CE
Al Shaheen Field Development
QP partners with Maersk Oil to develop the Al Shaheen offshore oil field, introducing enhanced oil recovery techniques. #energy #oil
2005 CE
Launch of Qatar Petroleum International
QP establishes QPI to manage international upstream and downstream investments, marking a strategy of global expansion. #energy #business
2006 CE
Pearl GTL Final Investment Decision
QP and Shell approve the Pearl Gas-to-Liquids (GTL) project, the world's largest GTL plant, converting natural gas into clean fuels. #energy #technology
2007 CE
Laffan Refinery Agreement
QP and ConocoPhillips sign an agreement to build the Laffan Refinery in Ras Laffan, processing condensate into refined products. #energy #refining
2009 CE
QP Opens London Office
Qatar Petroleum opens its first international office in London to support global trading and investment activities. #energy #business
2010 CE
QP Acquires Exploration Block in Brazil
QP wins exploration rights in Brazil's Santos Basin, expanding its upstream portfolio into South America. #energy #exploration
2012 CE
Golden Pass LNG Project Agreement
QP and ExxonMobil sign a deal to develop the Golden Pass LNG export terminal in Texas, USA, marking QP's first major investment in North America. #LNG #energy
2013 CE
QP Acquires Stake in Kurdistan Block
QP acquires a 30% interest in Block 48 in Iraqi Kurdistan, diversifying its upstream presence. #energy #exploration
2014 CE
Saad Sherida Al-Kaabi Appointed CEO
Saad Sherida Al-Kaabi becomes President and CEO of Qatar Petroleum, later leading the company's massive LNG expansion and international growth. #leadership #energy
2015 CE
QP and Shell Petrochemicals Agreement
QP and Shell sign a memorandum of understanding to build a major petrochemicals complex in Ras Laffan, integrating with existing facilities. #petrochemicals #energy
2016 CE
LNG Supply Agreement with Pakistan
QP signs a long-term LNG supply agreement with Pakistan, securing a key market in South Asia. #LNG #energy
Jul 1, 2017 CE
Announcement of LNG Capacity Increase
QP announces plans to increase LNG production capacity from 77 million tonnes per annum (mtpa) to 100 mtpa, the first phase of the North Field expansion. #LNG #energy
Jan 1, 2018 CE
Merger of Qatargas and RasGas
Qatargas and RasGas merge into a single entity under QP, creating the world's largest LNG producer. The merger streamlines operations and boosts efficiency. #LNG #energy
2019 CE
QP Signs Exploration Agreement with Total in South Africa
QP and Total sign an exploration agreement for Block 10 off South Africa, marking QP's entry into African exploration. #energy #exploration
Apr 1, 2020 CE
QP Issues Debut International Bond
Qatar Petroleum issues a $10 billion bond, its first international bond, to fund general corporate purposes and the LNG expansion. #finance #energy
Feb 1, 2021 CE
North Field East Project Final Investment Decision
QP takes a final investment decision on the North Field East expansion, the largest LNG project ever approved, for a capacity increase of 33 mtpa. #LNG #energy
Oct 1, 2021 CE
Renamed to QatarEnergy
Qatar Petroleum changes its name to QatarEnergy to reflect its broader energy portfolio and commitment to sustainability. The new brand emphasizes diversification and energy transition. #energy #rebranding
Jan 1, 2022 CE
Long-Term LNG Deal with China
QatarEnergy signs a 15-year LNG supply agreement with China's Sinopec, one of the largest contracts in LNG history. #LNG #energy
Nov 1, 2022 CE
LNG Supply Deal with Germany
QatarEnergy signs a long-term LNG supply agreement with ConocoPhillips for delivery to Germany, supporting European energy security. #LNG #energy
Mar 1, 2023 CE
North Field South Expansion Approval
QatarEnergy approves the North Field South expansion, adding another 16 mtpa of LNG capacity, bringing total to 126 mtpa. #LNG #energy
Jun 1, 2023 CE
Bonds Listed on Qatar Stock Exchange
QatarEnergy lists its debut bonds on the Qatar Stock Exchange (QSE), increasing transparency and access for local investors. #finance #energy
Nov 1, 2023 CE
27-Year LNG Deal with Sinopec
QatarEnergy signs a 27-year LNG supply agreement with China's Sinopec, one of the longest contracts in the industry, strengthening ties with Asia. #LNG #energy
Jan 1, 2024 CE
FEED Contracts for North Field South
QatarEnergy awards front-end engineering and design contracts for the North Field South project to major contractors. #LNG #energy
Jun 1, 2024 CE
Agreement with TotalEnergies for Iraqi Solar Project
QatarEnergy partners with TotalEnergies to develop a 1 GW solar power plant in Iraq, supporting renewable energy expansion. #renewables #energy
Dec 1, 2024 CE
QatarEnergy Acquires Stake in Brazilian Offshore Block
QatarEnergy acquires a 20% stake in the giant Bacalhau oilfield offshore Brazil from ExxonMobil, expanding its global upstream portfolio. #energy #oil