Qatar has expressed interest in developing gas fields on Yamal, a Russian peninsula near the Arctic Ocean with enough gas in the ground to satisfy world demand for five years, Reuters has reported. State-run Russian gas export monopoly Gazprom said that it had discussed the "high potential" for deals with state oil firm Qatar Petroleum in LNG, as well as pipeline gas supplies to Europe and the Asia-Pacific region. "The Qatari side expressed interest in projects to develop complex deposits on the Yamal peninsula, including the Yamal-LNG project," Gazprom said in a statement.