Energy & Utilities
From The Report: Qatar 2025
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While hydrocarbons profits may be slightly down from the elevated levels seen following the start of the conflict in Ukraine and major liquefied natural gas (LNG) export agreements with long-term clients such as Japan and South Korea are in their last year and need to be renegotiated, the country’s renewable energy capacity is ramping up. Moreover, once the first stage of the North Field expansion project comes on line – expected in 2026 – Qatar will cement its position as one of the world’s largest gas exporters and play a growing role on the LNG spot market thanks to its vast uncontracted capacity. Domestically, Qatar faces a number of important opportunities for sustainable development, including energy consumption and water stress. Renewable energy production is on the rise and, with current clean energy targets leaving room for growth, Qatar is well positioned to become a leader in sustainable energy in the region.

This chapter contains interviews with Mohamed Jaidah, Group Executive Director, Jaidah Group; and Pat Skhonde, Country Manager Qatar, Sasol.

Articles from this Chapter

Overview

Full tank: Vast natural gas reserves and utilisation of emerging technologies position the sector for long-term growth
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The year 2025 will be transitional for Qatar. While hydrocarbons profits may be slightly down from the elevated levels seen following the start of the conflict in Ukraine and major liquefied natural gas (LNG) export agreements with long-term clients such as Japan and South Korea are in their last year and need to be renegotiated, the country’s renewable energy capacity is ramping up. Moreover, once the first stage of the North Field expansion project comes on line – expected in 2026 – Qatar will cement its position as one of the world’s largest gas exporters and play a growing role on the LNG spot market thanks to its vast uncontracted…

Analysis

Innovative approach: Investment in new technologies to produce alternative fuels offers sustainable energy solutions
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Qatar is well positioned to capitalise on emerging trends in energy technologies. These include the large-scale production of hydrogen, the transformation of hydrogen into ammonia for transport and fuel, and the development of carbon capture and storage (CCS) facilities, ensuring that the former two are clean. In November 2024 QatarEnergy (QE) and Qatar Fertiliser Company (QAFCO) broke ground on what will be the world’s largest blue ammonia and blue hydrogen project, with an annual capacity of 1.2m tonnes, and with an associated CCS facility that will sequester 1.5m tonnes per year of CO₂. It is scheduled to start production in the second…

Interview

Major player: Mohamed Jaidah, Group Executive Director, Jaidah Group, on how new technologies and localisation boost production capabilities
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Interview: Mohamed Jaidah, Group Executive Director, Jaidah Group, on how new technologies and localisation boost production capabilities How is the energy sector working to expand the production of liquefied natural gas (LNG)? MOHAMED JAIDAH: Qatar is scaling up upstream operations to meet its LNG production target of 142m tonnes annually by 2030. This expansion involves the drilling of hundreds of new wells, with an emphasis on operational efficiency, safety and long-term reliability. Accordingly,…

Analysis

Decarbonisation solutions: The Gulf is looking to carbon capture and hydrogen to drive the transition to clean energy production
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As hydrocarbons producers reap sustained revenue from high global prices, national oil companies (NOCs) in the Gulf are accelerating investment in carbon capture, utilisation and storage (CCUS); hydrogen; and cleaner sources of energy to make their activities less carbon-intensive and support the energy transition. Gulf NOCs’ low-cost production advantages and massive hydrocarbons resources mean that CCUS can reduce emissions for the coming decades as the world continues to rely on oil and gas amid the energy transition. Moreover, with the cheapest solar energy in the world, an abundance of wind energy and ample land on which to build green…