Energy
From The Report: Qatar 2015
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Home to the world’s largest non-associated natural gas field and significant oil reserves, Qatar is a leading player in the global energy market. It is also at the forefront of the international gas-to-liquids and liquefied natural gas industries, as well as fast becoming a major centre for research and development in hydrocarbons. The industry does face challenges, however. Among these are the steep decline in oil prices that began in 2014; increasing demand for energy from domestic sources as Qatar develops rapidly; and the management of a new wave of investment in existing fields. Nonetheless, with the sector operating on such an epic scale – Qatar’s gas reserves alone could last well into the 22nd century at 2012 levels of production – and the commitment of international and local giants to its continued development, such challenges seem unlikely to alter Qatar’s leading role in the hydrocarbons industry.

This chapter contains interviews with Sheikh Khalid bin Khalifa Al Thani, CEO, Qatargas; and Hamad Rashid Al Mohannadi, CEO, RasGas.

Articles from this Chapter

Overview

Qatar handling recent challenges in energy sector
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Home to the world’s largest non-associated natural gas field and significant oil reserves, Qatar is a leading player in the global energy market. It is also at the forefront of the international gas-to-liquids (GTL) and liquefied natural gas (LNG) industries, as well as fast becoming a major centre for research and development (R&D) in hydrocarbons. A member of the Organisation of Petroleum Exporting Countries, Qatar is also an important influencer in world energy markets, with 2015…

Interview

Sheikh Khalid bin Khalifa Al Thani, CEO, Qatargas: Interview
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Interview:Sheikh Khalid bin Khalifa Al Thani Given increasing planned production within the liquefied natural gas (LNG) industry, what markets are you targeting for expansion? SHEIKH KHALID BIN KHALIFA AL THANI: I cannot elaborate on specific markets that we target but our customer portfolio demonstrates that we are a globally diversified player in the LNG market, having delivered to 24 out of the 29 LNG importing countries so far. We have LNG agreements with numerous buyers across the globe…

Analysis

Production of condensates rising in Qatar
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The global market is far more competitive these days, and 2014 saw a dramatic decline in oil prices, which continued into 2015. In March 2015 Brent Crude was retailing at $57 per barrel. Behind this is a global oversupply – Bloomberg reported that the UAE and Qatar estimated this to be in the region of 2m barrels per day (bpd) in mid-January 2015. This is primarily the result of surging US output, which was at a three-decade high. However, this output seems likely to taper off, as falling…

Interview

Hamad Rashid Al Mohannadi, CEO, RasGas: Interview
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Interview:Hamad Rashid Al Mohannadi In view of the upcoming opening of Train 1 of the Barzan Gas Project (BGP), how is the gas being allocated for the domestic market? HAMAD RASHID AL MOHANNADI: Train 1 is nearly complete and is expected to come on-line in 2015, followed by Train 2 later in the year. We are very proud to be progressing both safely and efficiently. When completed, BGP’s natural gas production will be sold to stateowned company Qatar Petroleum for distribution to the domestic…

Analysis

GTL production ramps up in Qatar
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Hosting the world’s largest gas-to-liquids (GTL) plant, while also being a global centre for GTL research and development, Qatar today is at the forefront of this high-tech hydrocarbons sub-sector. Indeed, the success of GTL in the state has acted as a catalyst for development elsewhere, with the global sector expanding in 2014. Yet, as with other segments of the hydrocarbons industry, recent movements in oil and gas prices may have an effect on GTL, with the arbitrage at the heart of the…

Analysis

Qatar becoming a vital centre for the energy industry
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A key part of Qatar’s long-term development plan, Qatar National Vision 2030 (QNV 2030), is the transformation of the state from a resource-based economy to one that is knowledge-based. Aimed at unhooking the country from hydrocarbons dependency and diversifying its economy, this bold strategy has entailed major investment in human, social, environmental and economic development, with a big role in each for research and development (R&D). At the same time, the country’s major oil…