Quotes: US 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.


 






  MENA News Headlines
 Aug 21 2014 - Ebola virus disease West Africaupdate 8 August 2014 E-mail PrintMENAFN Press
(MENAFN Press) GENEVA Switzerland August 8 2014/African Press Organization (APO)/ -- Epidemiology and surveillance Between 5 and 6 August 2014 a total of 68 new cases of Ebola virus disease ...

 Aug 21 2014 - Nina Duong Haute Couture Announces Relocation From Toronto to Oakville OntarioExtravagant Wedding Gowns For Exceptional BridesMENAFN Press
(MENAFN Press) Nina Duong collections are as breathtaking as they are luxurious. All gowns are hand-sewn using the most exquisite fabrics especially fine silks from around the world.OAKVILLE ...

 Aug 21 2014 - Asry signs USD8.6m desalination plant contractMENAFN
(MENAFN) Asry, the leading ship and rig repair yard in the Gulf, agreed a build-operate-transfer (BOT) contract for the completion and upgrading of a reverse osmosis seawater desalination plant, Gulf ...

 Aug 21 2014 - Generational Diversity Expert Dr. Chip Espinoza Completes Seminal Work MillennialsWorkMENAFN Press
(MENAFN Press) It is no secret that young adults commonly referred to as Millennials grew up in a culture radically different from those of the generations that preceded them. Not only were ...

 Aug 21 2014 - Hamas warns foreign airlines as Israel declares talks overArab News
(MENAFN - Arab News) GAZA CITY Palestinian Territories: The armed wing of Hamas warned foreign airlines against flying into Tel Aviv on Wednesday and declared truce talks in Cairo over as a six-week ...

 Aug 21 2014 - Saudi- Iconic Urdu poet in Jeddah for mushairaArab News
(MENAFN - Arab News) Some of the most-loved names in Urdu poetry will regale hundreds of expatriates with their couplets at the Indian Consulate's annual mushaira to be held at the International ...

 Aug 21 2014 - Saudi- PISJ-ES reports outstanding academic featArab News
(MENAFN - Arab News) Students of the Pakistan International School-Jeddah (English Section) (PISJ-ES) have shown outstanding academic performance this year.According to the school's acting principal ...

 Aug 21 2014 - 77000 Saudi youth aspire for skilled jobsArab News
(MENAFN - Arab News) With only three days left for submitting applications around 77000 Saudi men and women have enrolled for vocational training at the Colleges of Excellence (CoE) throughout the ...

 Aug 21 2014 - Saudi- Woman ordered to pay SR30000 for khulaArab News
(MENAFN - Arab News) A court in Riyadh has ordered a woman to pay SR30000 for her to be able to separate from her husband after he injected her with a narcotic substance local media said.The man in ...

 Aug 21 2014 - Saudi- Shoura member to speak at world science conferenceArab News
(MENAFN - Arab News) A leading Swiss scientific foundation has chosen a female Saudi Shoura Council member to speak alongside international personalities at a conference highlighting the role of ...

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help