QatarEnergy

Industry News

UAE and Kuwait Expand Naphtha Exports to Asia via Offshore Transfers

The UAE and Kuwait have increased naphtha exports to Asian petrochemical producers using ship-to-ship transfer operations conducted outside the Strait of Hormuz. Between August and September, ADNOC and Kuwait Petroleum Corporation exported approximately 1.6 million metric tons of naphtha, more than doubling shipments from the March-April period. The surge reflects growing utilization of alternative loading and offshore transshipment hubs including Fujairah and waters off Oman and India.

Industry News

QatarEnergy Secures $3 Billion Syndicated Facility From Four Major Chinese Lenders

State-owned QatarEnergy has secured a five-year, $3 billion syndicated loan from four major Chinese commercial banks. The credit facility is priced at 50 basis points over the Secured Overnight Financing Rate and is earmarked for working capital. The deal highlights continued Chinese lending across the Gulf region.

Industry News

COOEC Secures QatarEnergy EPIC2 Contract for Maydan Mahzam Offshore Redevelopment

China Offshore Oil Engineering Co., Ltd. (COOEC) has received an award notification from QatarEnergy for the MM EPIC2 project. The scope encompasses over 100 kilometers of subsea pipelines, cables, and umbilical lines for the Maydan Mahzam offshore redevelopment. The contract lifts COOEC's cumulative Middle East order intake past 50 billion yuan over three years.

Industry News

QatarEnergy Extends LNG Force Majeure to Late 2026 Amid Hormuz Disruption

State-owned QatarEnergy has extended force majeure notices on liquefied natural gas deliveries to Italian utility Edison and Asian buyers due to continued transit disruptions in the Strait of Hormuz. Deliveries to Edison are suspended until early December, while Asian clients in Bangladesh and Pakistan face cancellations through November. Data from ICIS shows Qatari LNG exports fell to 18 cargoes through end-August 2026, compared to 509 in the same period last year.