Qatar bares its teeth with new production goal

By Verity Ratcliffe 5 July 2017
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A RasGas storage tank in Ras Laffan, Qatar. (PA) 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 increase its LNG exports by 30%, the company said in the statement. “This project will strengthen our position as the world’s largest LNG producer and exporter,” said President and Chief Executive Saad al-Kaabi. 

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