Javad Yarjani said in an interview about Qatar's gas field development plans and the country's recent investment and development cooperation with China: China's recent moves in West Asia, which have rich energy resources; This shows that Beijing cares about guaranteeing its country's energy supply in the years to come, so the main reason for solving the problems of Iran and Saudi Arabia was foresight and the guarantee of the country's energy supply.
He added: “Qatar has rich gas resources, it is natural that China signs this contract with Qatar in order to diversify its country's energy sources in the coming years. We also signed a solid contract with Total and Total for the development of phase 11. of South Pars a few years ago. We have concluded Sinopec China, it shows that they want to cooperate with us in these areas, but the sanctions have caused China, like Total, to weigh their relations and their interests in this light project, and therefore, it has not not considered further cooperation in the interests of his country and refused to participate. He withdrew from the Iranian project, however, we all know the conditions of the country regarding the required amount of investments in the gas field, and this makes the situation more difficult.
The former director general of OPEC affairs and relations with the energy assemblies of the Ministry of Petroleum said: Besides China; Japan is also interested in a country like Iraq which has the potential to produce more oil; slow to invest and it shows that this region is still important for the future energy supply of the world, however, getting rid of Iran from the harsh sanctions that have taken away all opportunities for investment and deprived Iran of many resources is very important and a solution must be found for this.
He added: The current world is the world of competition. If we look at the records, we were once one of the biggest exporters of oil to Japan and played a leading role in Europe, but slowly and with steady planning we were deprived of the markets, and now we have to sell oil with difficulty under the embargo.
Yarjani underlined: Regarding gas, while we are one of the largest holders of gas reserves in the world, we are also one of the largest consumers of this energy vector, and this growing consumption does not correspond to our production. national. This procedure shows that we are not doing well in gas consumption, we need a big investment for more production and optimal use of gas so as not to have problems in meeting the domestic needs of the country.He said: "Qatar is very advanced in the field of LNG and has the best companies in the world on its side, and they have managed to conquer markets one after another, they have signed long-term contracts and will continue this process for as long as they have the resources."
But we are increasing our production from these sources so that we can use them for domestic purposes which do not have much added value.
The former director general of OPEC affairs and relations with the energy assemblies of the Ministry of Petroleum declared: We must create markets for ourselves in competition with a country like Qatar, even if the producers and exporters of oil and gas do not want us to be actively present in the energy market and prefer They allow Iran to struggle in the current situation.
He went on to affirm the need for joint cooperation between Iran and Qatar to develop and benefit from common areas and noted: Qatar is located in Iran's neighborhood and has good relations with us, and China also plays an important role in this country, which may change ensuring that we have tripartite cooperation and that we are able to use the presence of large and reputable oil and gas companies in the world to take advantage of the advantages of oil and gas resources given by God to the country, which it is, in tripartite cooperation and using the power of the best oil and gas companies in the world. Promoting production and harvesting from common reservoirs.
According to a report, last week, Qatar Energy Company signed a partnership agreement with the Chinese company Sinopec in the Northeast Field development project, which is the largest project in the history of the liquefied natural gas industry. (LNG).
According to this contract, Qatar Energy Company will transfer five percent of its shares, the equivalent of a production line of this project with a capacity of eight million tons per year, to the Chinese company Sinopec, and the shares of the other partners will be kept unchanged.
Qatar's energy minister pointed out that the two parties signed a contract in November 2022 for the annual supply of four million tonnes of liquefied natural gas from the Northeast Field Development Project.
Al-Kaabi added: This was not only the first liquefied natural gas purchase and sale contract of the Northeast Field Development Project signed and announced, but also the longest such contract in the world. history of liquefied natural gas. Today, Sinopec has joined the liquefied natural gas family in Qatar and becomes the first Asian partner in the Northeast Field Development Project.
In addition, Ma Yongxing, Chairman of the Board of Directors of China Sinopec Company, said: Today's agreement is a concrete step to advance what the two countries have agreed on by strengthening the partnership between Sinopec and Qatar Energy.
He pointed out that this is a new milestone after the Chinese side signed the long-term contract for the purchase and sale of liquid natural gas from the Northeast Field Development Project in November 2022. and also indicates the integrated cooperation of the two companies in the field of development of the Northeast field.
According to Qatar News Agency, the announcement is the first of its kind after a series of announcements to select partners for the $28.75 billion Northeast Field Development Project, which will increase production capacity. of liquefied natural gas from Qatar from 77 million tonnes to 110 million tonnes. the year.