EMEA News
Qatar Looks to Greece for LNG Bunker Market
Qatar wants to market its natural gas to the European shipping industry as the European Union (EU) promotes use of liquefied natural gas (LNG) bunkers, the business news side Arabian Supply Chain reports.
The nation is said to be in negotiations over the possible supply of the fuel for shipowners from Greece, which has the world's largest commercial marine fleet.
Qatar Petroleum International (QPI)'s chief financial officer recently visited Athens and spoke to Greek corporate leaders about the company's hopes for expanding into LNG trading in Greece, with a particular focus on the marine market.
QPI is planning a second LNG terminal in Greece, while Greece's Public Gas Corp. is considering options for a planned $483 million floating LNG terminal in Northern Greece.
The EU has been working toward the adoption of LNG bunkers to help reduce emissions, although some shipowners in recent months have said officials are not pushing hard enough for the speedy development of infrastructure for the fuel.
