Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Argentina seeks Qatar's help to set up new LNG terminal  Join our daily free Newsletter

MENAFN - The Peninsula - 18/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) Argentina is seeking Qatari support to build a new LNG terminal to enhance the country's gas receiving capacity from Qatar. The visiting Minister of Foreign Affairs and Worship, Hctor Timerman, yesterday held meetings with Qatari authorities, including



H E Dr Mohamed bin Saleh Al Sada, the Minister of Energy and Industry, and discussed some important areas of mutual cooperation, said a senior Argentine ministry official.



A 30-member high level trade mission representing top 20 companies, under the leadership of Timerman, is here on a two-day visit to explore investment opportunities.



"We have plans to build more LNG terminals in Argentina and for that we are having conversations with Qatargas and other organisations such as QIA to foster gas imports from Qatar," said Agustin Wydler, Under Secretary for Investment Development and Trade Promotion at the ministry



Timerman, senior members of his accompanying delegation and the Argentine Ambassador to Qatar, Rossana Surballe also met with senior officials from Qatargas and Qatar Investment Authority (QIA) to attract Qatari investments in different sectors, such as energy, food and agriculture



Wydler, while speaking with The Peninsula, said QIA is seriously looking forward to make big investments in Argentina, particularly in the infrastructure and agriculture sector.



"We have several infrastructure projects in the pipeline, and one of them may be related to Qatar," he said



According to Wydler, the volume of bilateral trade between Qatar and Argentina in 2013 increased by 150 percent to QR3.64bn (1bn) compared to QR1.46bn (400m) in 2012



"Argentina has an unbalanced trade relation with Qatar as we source a lot of LNG from here. In 2013, we imported gas worth about 1bn from Qatar, while the value of our exports to the Gulf-state was merely about 5m. So we are keen to reduce the trade gap by increasing our exports," he said.



The Latin American country is boosting gas imports as local production is declining due to limited exploration and maturing fields. At the same time, according to reports, the level of gas consumption surged 33 percent to an average of 126 million cubic metres per day in 2012 from



2003 levels



Argentina boasts of having a well developed food and beverage industry, which is here to attract Qatari investments for mutual benefits.



"The commercial mission is here to foster investments from Qatar. We are going to meet members of Qatari business community, including from Hassad Food. We intend to discuss some attractive projects," Wydler added.



"Hassad Food has some indirect investments in our country through their subsidiaries, but there are many untapped opportunities.


 


The Peninsula




  MENA News Headlines
 May 6 2015 - HE the Chief of Staff Meets French CommanderQatar News Agency
(MENAFN - QNA) HE the Chief of Staff of the Qatari Armed Forces Major General (Pilot) Ghanim bin Shaheen Al Ghanim met Wednesday with Chief of Staff of the visiting French Army General Jean-Pierre ...

 May 6 2015 - Croatian Deputy Prime Minister Meets Qatari AmbassadorQatar News Agency
(MENAFN - QNA) Deputy Prime Minister and Minister of the Interior of the Republic of Croatia, Ranko Ostojic, met here on Wednesday with Qatar's Ambassador to the Republic of Croatia, HE Sheikha Moza ...

 May 6 2015 - Pakistani Army Chief of General Staff Meets Qatar's AmbassadorQatar News Agency
(MENAFN - QNA) Pakistan Army Chief of General Staff Rashid Mahmood met here today with HE Qatar's Ambassador to Pakistan Saqr bin Mubarak Muhammad Saqr Al Mansouri. Talks during the meeting focused ...

 May 6 2015 - Advisory Council's Services Committee MeetsQatar News Agency
(MENAFN - QNA) The Advisory Council's Services and Public Facilities committee on Wednesday held its first meeting during the council's 43rd regular session under the chairmanship of its rapporteur ...

 May 6 2015 - Municipality Minister Meets Tunisian Environment MinisterQatar News Agency
(MENAFN - QNA) HE Minister of Municipality and Urban Planning Sheikh Abdul Rahman bin Khalifa Al-Thani on Wednesday met at his office with Tunisian Minister of Environment and Sustainable ...

 May 6 2015 - HE State Defense Minister Holds Meetings in TurkeyQatar News Agency
(MENAFN - QNA) HE Minister of State for Defense Affairs Major-General Hamad bin Ali Al Attiyah met Wednesday with Turkish Minister of Defense Ismet Yilmaz on the sidelines of the International ...

 May 6 2015 - Minister of Justice Meets Heads of GCC DelegationsQatar News Agency
(MENAFN - QNA) HE the Minister of Justice Dr. Hassan bin Lahdan Al Mohannadi met here on Wednesday with the heads of delegations participating in the first meeting of GCC officials for family ...

 May 6 2015 - Dubai's Jumeirah Group logs 5.2 percent revenue growth in 2014MENAFN
(MENAFN) Jumeirah Group, the Dubai-based hotel developer, recorded a revenue growth of 5.2 percent for 2014, marking a decline from the 8 percent reported a year ago, Arabian Business ...

 May 6 2015 - Two dead, 8 injured in Azraq - JordanJordan News Agency
(MENAFN - Jordan News Agency) Two citizens were killed and eight injured when two cars collided in Azraq town, north-east the Kingdom, Civil Defense Directorate said.Rescue teams in Zarqa governorate ...

 May 6 2015 - Israel test launches missile propulsion systemJordan News Agency
(MENAFN - Jordan News Agency) Israel tested a ballistic propulsion system for a satellite delivery Tuesday morning.A statement by the Defense Ministry said that the launch, conducted over central ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help