September 08, 2008

Gazprom and Qatar discuss joint energy investment prospects

RIA Novosti reported that Gazprom and Qatar's state owned oil and gas company Qatar Petroleum are considering joint investment projects in the energy sector.

Mr Alexei Miller CEO of Gazprom and Mr Sheikh Hamad bin Jassim bin Jabr al-Thani PM of Qatar held a working meeting recently in Berlin to discuss energy cooperation.

Gazprom said in a statement that "The sides discussed possibilities for Gazprom and Qatar Petroleum to implement joint investment projects and unite efforts in third countries."

The report added that Qatar holds the third place in the world in terms of natural gas reserves after Russia and Iran. Qatar's proven natural gas reserves stand at 25.8 trillion cubic meters.