Qatar bares its teeth with new production goal

Qatar Petroleum is planning to increase its LNG production by 30% by 2024, suggesting Doha is taking a more aggressive approach to maintaining its share of the global LNG market
A RasGas storage tank in Ras Laffan, Qatar. (PA)

Qatar Petroleum’s (QP’s) announcement that it intends to increase LNG production by 30% by 2024 suggests Doha is taking a more aggressive approach to maintaining its share of the global LNG market.

Qatar’s LNG production will increase from 77 mtpa to 100 mtpa within the next 5-7 years, according to a statement issued by QP on Tuesday.

QP will increase its production from the North Dome gas field by 20%, instead of the 10% target announced in April. Allocating more gas means Qatar will be able to...

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