mo4ch:>Life after OPEC: Qatar to invest $20 billion into US energy in major expansion | Mo4ch News

After Qatar recently announced its intention to withdraw from the Organization of the Petroleum Exporting Countries (OPEC), its state-run oil giant has pledged hefty investments in the US energy sector.Qatar Petroleum is seeking to invest some $20 billion in various projects in the US over the next five years, Qatar’s Energy Minister Saad al-Kaabi told journalists in Doha.According to the top-official, Qatar is interested in projects connected to both liquefied natural gas (LNG) and natural gas supplies, as well as crude production.Also on rt.comQatar quitting OPEC 'bad for oil cartel's and Saudi credibility'In particular, the company is planning to revive the multi-billion dollar Golden Pass LNG terminal in Texas. Qatar Petroleum owns 70 percent of the project with American energy multinationals ExxonMobil and ConocoPhillips splitting the rest.Earlier this month, Qatar, the world’s largest exporter of liquefied natural gas, said it was quitting the Saudi-dominated OPEC oi…