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Qatar to double LNG capacity

QatarEnergy will be signing more LNG supply deals this year. (Image source: Adobe Stock)

Industry

Qatar will double its LNG capacity in the next few years, with LNG remaining in demand for a long time to come, according to HE Saad Sherida Al-Kaabi, the Qatar's Minister of State for Energy Affairs and president and CEO of QatarEnergy

Speaking at the Qatar Economic Forum, Al-Kaabi said Qatar’s LNG expansion projects are moving ahead on track towards an increased production capacity of 142mn tons per annum, with 18mn tons per annum coming from its LNG project in Texas.

Al-Kaabi said Qatar’s LNG expansion projects are designed to help meet growing demand for cleaner energy driven by economic growth and rising populations and living standards.

“LNG is not going away any anytime soon, as was recently made clear by the G7 as well as by many countries around the world, who have changed their position of moving away from fossil fuels," he said.

Al-Kaabi added that QatarEnergy has secured 25mn tons of long-term LNG sales and will be signing more this year.

QatarEnergy continues work to implement various elements of the North Field production expansion projects, including the North Field East project and the North Field South project. In February it announced that it is proceeding with a new LNG expansion project, the 'North Field West' project, to further raise Qatar’s LNG production capacity to 142 mn tons per annum (MTPA) before the end of this decade.