Qatar's QPI hopes to extend Centrica deal in N. America

Tue May 14, 2013 9:29am EDT
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* Hopes to expand Centrica deal across North America

* LNG from Texas plant to be sold to markets around the Atlantic

* No limit on potential investments for global expansion

By Regan Doherty

DOHA, May 14 (Reuters) - Qatar Petroleum International (QPI) hopes to extend its new deal with Britain's Centrica by acquiring more gas or tight oil resources across North America, the chief executive said.

Centrica and QPI said in April they would buy Suncor Energy Inc's gas business in Canada for C$1 billion ($986.73 million) in their first acquisition since agreeing in 2011 to hunt for assets around the world together.

"We are looking at upstream business in the United States... both in oil and gas but particularly in gas. With everything happening in the United States today we are trying to register a position," Nasser al-Jaidah said in an interview on Tuesday.

"We are hoping to extend the Centrica deal in North America, through acquisitions and other means. Not the oil sands, but gas or oil or tight oil."

The Canadian assets that Centrica and QPI, the international arm of the world's largest LNG exporter, bought do not produce enough gas to merit building an LNG export terminal.   Continued...