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Qatar LNG company postpones layoffs

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LNG Industry,

Reuters are reporting that Qatari gas producer Rasgas has postponed a round of job cuts after the diplomatic crisis which erupted between Qatar and its neighbours in early June.

Staff at Rasgas were told earlier this year that they would be laid off in June, with the job cuts following last year's decision to merge RasGas with Qatargas, the two LNG divisions of Qatar Petroleum.

However, in a company email last month staff were informed that the job cuts had been delayed.

The move comes as Qatar works to cope with sanctions imposed by Saudi Arabia and other Arab states.

Qatar Petroleum's CEO said at the end of last year the merger of RasGas and Qatargas would help to cut operating costs by hundreds of millions of dollars at the world's largest LNG producer, and another group official familiar with the plan said hundreds of people would be laid off.

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