Qatar petroleum was investing to develop energy projects

Qatar: Qatar petroleum was interested in investing 5 billion euros ($6.66 billion) to develop energy projects in debt-laden Greece.

The two countries signed a non-binding memorandum of understanding to export Qatari liquefied natural gas (LNG) to Greece and build LNG terminals in the Mediterranean country.

The agreement includes plans for a 3.5 billion euro LNG terminal with a capacity of 7 billion cubic metres in western Greece, to be built by Qatar Petroleum, the country's state oil company.

The two countries will set up a joint committee to look further into the projects. 'It will take follow-up and determination on both sides for decisions to be taken and implemented.