• 4 minutes China 2019 - Orwell was 35 years out
  • 7 minutes Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 11 minutes Trump will capitulate on the trade war
  • 14 minutes Glory to Hong Kong
  • 1 hour The power of propaganda has no boundaries: Which country has larger territory US od China
  • 30 mins Freedom of Speech for Dummies
  • 4 hours Iranian Oil Tanker struck by missiles off Jeddah
  • 49 mins South Korea Unveils Fighter Jet Mock-Up Amid Program Challenges
  • 16 hours Support Held. Back in UGAZ
  • 14 hours Crazy Stories From Round The World
  • 4 hours Any difference btw Hunter Biden on BOD of Ukraine Company vs. Qatar bailout of Kushner Real Estate 666 Fifth Ave ?
  • 2 hours Boring! See Ya Clowns, And Have Fun In Germany
  • 3 hours National Geographic Warns Billions Face Shortages Of Food And Clean Water Over Next 30 Years
  • 21 hours China's Blueprint For Global Power
  • 20 hours Total SA In Expansion: $600 million For India's Adani Gas
  • 3 hours How The US Quietly Lost The 1st Amendment

Breaking News:

Is This The End Of China’s Gas Boom?

The Two Most Powerful Oil Men On Earth Set Landmark Meeting

The Two Most Powerful Oil Men On Earth Set Landmark Meeting

Russian President Vladimir Putin and…

The Complete History Of Oil Markets

The Complete History Of Oil Markets

Oil has arguably been the…

Qatar To Boost Gas Output To Keep Top LNG Exporter Status

Qatar North Field

Qatar is lifting a self-imposed moratorium on the development of its part of the world’s biggest natural gas field and is launching a new gas project at North Field in a bid to raise its gas exports and remain competitive in the global LNG market.

Since 2005, Qatar has chosen to continue a self-imposed moratorium on the development of its North Field, including constructing new LNG export facilities; as such, no new projects were expected in Qatar until 2020 at the earliest.

Today, Qatar’s state-held company Qatar Petroleum said in a statement that it plans to develop a new gas project in the North Field, the part of the field that Qatar shares with Iran, which calls its section of the world’s biggest gas field South Pars.

Work on the project’s details is expected to begin in the coming months, the Qatari company said.

“Qatar Petroleum’s technical studies and assessment of the North Field have confirmed the potential for developing a new gas project that can be targeted for export with a capacity of about 2 billion cubic feet per day. It is worth noting that a project of this size will increase the current production of the North Field by about 10%, which will add about 400,000 BBL/D (barrels per day) of oil equivalent to the State of Qatar’s production,” the company’s President and CEO Saad Sherida Al-Kaabi said.

The project for resuming development at North Field will “further strengthen Qatar’s leading position as a major player in the global gas industry,” Al-Kaabi noted.

Related: What Is Putin Planning For Ukraine?

Qatar Petroleum has more than doubled its oil and gas production since 2006: total oil, gas and condensate output hit 5.17 million barrels of oil equivalent daily in 2015. By this measure, Qatar Petroleum is now the world’s #4 hydrocarbons producer, ahead of Russia’s giant Rosneft, with its 5.1 million boed of daily output.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play