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Production will increase by 85 percent by 2030; Qatar with a big announcement in the liquefied natural gas market

Production will increase by 85 percent by 2030; Qatar with a big announcement in the liquefied natural gas market
Production will increase by 85 percent by 2030; Qatar with a big announcement in the liquefied natural gas market

Doha: Qatar made a big announcement in the liquefied natural gas market. Qatar Energy has stated that by 2030, production will increase to 85 percent of the current level. With this, the annual production will increase to 142 million tonnes.

Currently, Qatar’s production is 77 million tons per year. It was announced in 2022 that annual production will increase to 126 million tonnes by 2027 with the completion of the North Field project. However, expansion of exploration into the North Field West will increase production in the coming years.

In the North field, an additional 240 cubic feet of gas was found, officials said. This will increase the gas reserves from 1,760 trillion cubic feet to 2,000 trillion cubic feet. Minister Saad Sharida Al Kaabi stated that Qatar will become the most powerful natural gas industry center in the world through the LNG development project in the western region of the North Field.

Qatar, currently the world’s second largest LNG producer, is poised to capture 40 percent of the world market once the North Field project is completed and supplies begin.

Summary: Qatar announces new gas output boost with mega field expansion

The article is in Malayalam

Tags: Production increase percent Qatar big announcement liquefied natural gas market

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