• 5 hours UK On Track To Approve Construction of “Mini” Nuclear Reactors
  • 9 hours LNG Glut To Continue Into 2020s, IEA Says
  • 11 hours Oil Nears $52 With Record OPEC Deal Compliance
  • 14 hours Saudi Aramco CEO Affirms IPO On Track For H2 2018
  • 16 hours Canadia Ltd. Returns To Sudan For First Time Since Oil Price Crash
  • 17 hours Syrian Rebel Group Takes Over Oil Field From IS
  • 3 days PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 3 days Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 3 days Syrian Rebels Relinquish Control Of Major Gas Field
  • 3 days Schlumberger Warns Of Moderating Investment In North America
  • 3 days Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 3 days Energy Regulators Look To Guard Grid From Cyberattacks
  • 4 days Mexico Says OPEC Has Not Approached It For Deal Extension
  • 4 days New Video Game Targets Oil Infrastructure
  • 4 days Shell Restarts Bonny Light Exports
  • 4 days Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 4 days Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 4 days British Utility Companies Brace For Major Reforms
  • 4 days Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 4 days Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 4 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 5 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 5 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 5 days Rosneft Signs $400M Deal With Kurdistan
  • 5 days Kinder Morgan Warns About Trans Mountain Delays
  • 5 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 5 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 5 days Russia, Saudis Team Up To Boost Fracking Tech
  • 6 days Conflicting News Spurs Doubt On Aramco IPO
  • 6 days Exxon Starts Production At New Refinery In Texas
  • 6 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 6 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 6 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 7 days China To Take 5% Of Rosneft’s Output In New Deal
  • 7 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 7 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 7 days VW Fails To Secure Critical Commodity For EVs
  • 7 days Enbridge Pipeline Expansion Finally Approved
  • 7 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 7 days OPEC Oil Deal Compliance Falls To 86%
The End Of The Oil Majors?

The End Of The Oil Majors?

There appears to be a…

Qatar to Spend $20 Billion on Power Generation and Water Desalination

Qatar to Spend $20 Billion on Power Generation and Water Desalination

According to a report released by Beltone Financial the Arab State of Qatar is predicted to spend more than $20 billion on power generation and water desalination over the next 20 years in order to fuel its ambitious plans for economic expansion.

The country already boasts one of the highest per capita consumption rates of electricity in the world. It spent $10 billion on utilities in the last decade, but due to the constantly expanding economy and events such as the FIFA 2022 World Cup, that figure is expected to double in the following decade.

"The hosting of the FIFA 2022 World Cup means that significant investments in infrastructure (transportation networks, roads, hotels, airport and other facilities) will be needed,” Beltone Financial said. “Going forward, expectations are that electricity demand will continue to grow by at least 10 percent per annum for the next five to seven years and, subsequently, at around 4 percent per annum until 2030.”

In order to keep up with demand for electricity, supply increased at a similar rate over the last decade to the current capacity of 8,756MW. This gives Qatar a surplus of at least 2,500MW which according to the Minister of Energy and Industry, Dr. Mohamed bin Saleh al-Sada, can be exported to neighbouring GCC countries through the interconnection gird.

Desalination plants also received a large amount of investment because desalinated water is the main source of water to Qatar due to the scarcity of resources on the peninsula. As the economy has grown, so too has the demand for water and for that reason investment has been so high.

By. James Burgess of Oilprice.com

For the latest oil prices visit our homepage.



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News