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MARKETS

ConocoPhillips to invest in Qatar's massive $29bn LNG project

ConocoPhillips said yesterday that volatility in global natural gas markets may last years as the Houston-based company joined other Western and Chinese energy firms by investing in Qatar's $29 billion gas field development and LNG project.

paul hunt
Qatar.jpg

Qatar.jpg

  The company said it will buy a 3.1% holding in the North Field East project. Chief Executive Officer Ryan Lance announced the deal alongside Saad Al-Kaabi (Qatar's energy minister, and also Qatar...

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