Energy & Utilities
From The Report: Qatar 2022
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Qatar is undertaking a major long-term expansion strategy in the North Field to increase the production of liquefied natural gas (LNG). The project, which involves tens of billions of dollars worth of investment, seeks to boost the country’s LNG capacity by 64% by 2027. The move is in line with the goal to capture greater global market share and is expected to help Qatar consolidate its position as the world’s largest LNG producer amid intensifying competition. Qatar anticipates that natural gas will remain a key part of the global energy mix for decades to come and that it will play a central role in the global transition to a low-carbon energy system.

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Overview

Transition time: Efforts to expand gas production capacity continue apace, while sustainability is taking on increasing importance
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Qatar is undertaking a major long-term expansion strategy in the North Field to increase the production of liquefied natural gas (LNG). The project, which involves tens of billions of dollars worth of investment, seeks to boost LNG capacity by 64% by 2027. The move is in line with the goal to capture greater global market share and is expected to help Qatar consolidate its position as one of the world’s largest LNG producers amid intensifying competition. Qatar anticipates that natural gas will…

Analysis

Expanding horizons: Liquefied natural gas output is set to rise as countries look to diversify their sources of energy
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In recent years Qatar – one of the largest exporters of liquefied natural gas (LNG) – has embarked on a strategy to expand production from its North Field. Russia’s invasion of Ukraine in February 2022 underscored the importance of the project, as European countries move to diversify away from Russian-sourced coal, oil and gas. The offshore field is one of the world’s largest non-associated natural gas fields, and the first phase of the expansion project is poised to increase Qatar’s liquefaction…