Qatar Mulls Investing in US Unconventional Space

Qatar is seriously considering non-conventional gas investment opportunities in the U.S with its major partners, Wall Street Journal said citing a top energy official from the Gulf nation.

Speaking at an energy conference in London, Nasser al-Jaidah, chief executive of the international arm of state-owned Qatar Petroleum, said the U.S. non-conventional gas boom "is an opportunity for us. We are considering this seriously."

The Journal added that Qatar Petroleum wanted to partner with oil majors with which it has already partnered at home.

"It could be [Exxon Mobil Corp.], it could be [Royal Dutch Shell PLC], it could be anybody else," WSJ quoted him as saying.

Instead of being an hindrance, al-Jaidah said the U.S. gas boom meant Qatar--the world's largest liquefied-natural-gas exporter--could redirect more supply to lucrative Asian markets.