Qatar Petroleum Looking at Downstream Investments in Germany

Qatar Petroleum is looking at a range of possible investments in Germany, including downstream projects and cooperation deals with smaller companies, as part of its overall drive to find new markets for liquefied natural gas, the company's CEO said.

Chief Executive Saad Sherida al-Kaabi on Friday confirmed his company's discussions with big German firms Uniper and RWE about cooperating on a potential local LNG terminal.

He said the state-owned company was also going to keep working with small- and medium-sized German businesses involved in projects further downstream, such as in LNG trucking or river barging.

"We are looking into investing further in the downstream with the objective of monetizing our gas … and finding a new market for our gas," al-Kaadi told a Qatari-German investment conference. "There are a lot of opportunities for partnership with German companies."

Reporting by Andrea Shalal