Qatar’s gas projects garner interest beyond predictions

Qatar's gas projects garner interest beyond predictions
Illustration purposes only (Image courtesy of Qatargas)

Despite pressure from neighbors Saudi Arabia and United Arab Emirates, Qatar is gearing for further investment in the development of new gas projects.

Qatar’s energy minister Mohammed al-Sada said that global majors are lining up to back Qatar’s push to expand its LNG production capacity to 100 million tons per year, from 77 million currently.

Speaking to Reuters, al-Sada noted that the interest shown by global majors came as a surprise and besides Qatar’s partners ExxonMobil, Shell and Total new names have expressed interest.

As a result of the pressure from Saudi Arabia and UAE, Qatar turned towards expanding its LNG export capacity instead of piping gas to the two neighbors.

Liquefied natural gas enables the world’s largest producer to reach any market and the merger of its two LNG producers Qatargas and RasGas will allow it to cut costs and increase competitiveness.

Investment in natural gas is not the only investment target as Qatar is interested in tight or shale oil. However, exports of LNG from the United States are a target as the company is looking to repurpose the Golden Pass LNG import terminal into an export facility.

Commenting on the gas glut al-Sada noted that despite increasing exports from the United States and Russia the supply surplus could last the next four or five years, but the rise in demand could tighten the market again beyond 2024-2025, which is why the country made the decision to expand its LNG production capacity now.


LNG World News Staff

Share this article

Follow LNG World News


<< May 2018 >>
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Gastech Exhibition & Conference 2018

The leading exhibition and conference for the global gas, LNG and energy industries.

read more >

CWC LNG Fuels Summit – Marine| Road Transportation| Industrial

The CWC LNG Fuels Summit has now firmly established itself as the number one event on LNG Fuels…

read more >

4th Annual Upstream West Africa Summit 2018

In June 2018, Senegal will play host to the No.1 Annual B2B Upstream Oil & Gas event, which will bring together the senior decision makers from across the prolific West Africa region to discuss the trends and challenges currently facing the Oil and Gas industry.

Since the discovery by Tullow Oil in 2007 of the Jubilee Field in Ghana, the Upstream sector has refocused its efforts to explore similar plays around the entire West and North West African coast. These efforts were rewarded with Cairn Energy’s prolific discovery in 2014 followed by Kosmos’ in 2015. The West Africa region has the industry’s spotlight firmly focused on further unlocking the potential of this largely underexplored region.

Companies that will be looking toward further unlocking the deepwater hydrocarbon potential of West Africa include: PETROSEN, BP, Kosmos Energy, Cairn Energy, FAR, Total E&P, Premier Oil, Shell, Tullow Oil along with the Ministries and key solution providers.

 More info

read more >

The 27th World Gas Conference (WGC 2018)

The 27th World Gas Conference (WGC 2018) will be the largest, most timely and most significant global gas conference and exhibition ever held.

read more >