Energy & Utilities
From The Report: Qatar 2024
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Qatar has reaped the benefits from changes in the global energy market and the accelerated energy transitions of several countries. In addition to major long-term energy supply deals with China, France, Germany and the Netherlands, Qatar is expecting to renew gas agreements with South Korea in the near future. The North Field expansion project, which will increase liquefied natural gas production capacity by nearly 85% by 2030, is set to deliver its first gas in 2025 and be completed in 2027. In 2022 Qatar’s first solar power project came online, supplying the country with 7.5% of its electricity needs, with two more solar projects scheduled for completion in 2025.

This chapter contains an interview with Abdullah bin Hamad Al Attiyah, Chairman of the Al Attiyah Foundation.

Articles from this Chapter

Overview

Renewing interest: Increasing generation capacity in renewable energy solutions aligns with the country’s long-term sustainability drive
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Qatar has reaped benefits from changes in the global energy market caused by the conflict in Ukraine, and the accelerated energy transitions of several countries. The country has signed major long-term energy supply deals with China, France, Germany and the Netherlands, and will likely renew gas agreements with South Korea in the near future. The North Field expansion project, which will increase liquefied natural gas (LNG) production capacity in the country by nearly 85% by 2030, is set to deliver…

Interview

Flexible solutions: Abdullah bin Hamad Al Attiyah, Chairman, Al Attiyah Foundation, on the evolving global energy landscape
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Interview:Abdullah bin Hamad Al Attiyah In what ways has Qatar’s energy sector evolved to enable global exports and investment? ABDULLAH BIN HAMAD AL ATTIYAH: Qatar’s energy sector has come a long way since the first discovery of oil in 1939. Before becoming a significant energy producer, the country gradually transitioned from a small oil producer to becoming a key international supplier of hydrocarbons. The successful production and commercialisation of liquefied natural gas (LNG) required…

Analysis

Jockeying for position: Discovery of additional liquefied natural gas reserves increases capacity and affirms the country as a top global gas exporter
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The global liquefied natural gas (LNG) market is projected to grow significantly, reaching 580m-600m tonnes per annum (tpa) by 2030, up from 400m tpa in February 2024. Forecasts suggest that global demand for LNG could rise by over 50% to hit 625m-685m tpa by 2040, continuing to grow throughout that decade. The switch from coal to gas in China and other developing Asian nations is a key factor driving this growth, a trend on which Qatar is in a strong position to capitalise. Increased Capacity Qatar…