Oil reserves25.2 billion barrels
Oil production1.75 million bopd
Gas reserves24.7 tcm
Gas production177 bcm
Qatar’s oil and gas industry has had a significant impact on the nation since oil was discovered in the mid-20th century. In 1985, Qatar’s North field was declared the largest non-associated gasfield in the world with recoverable reserves amounting to 10% of all recoverable reserves worldwide.
Hydrocarbons activities and affiliated operations form the majority of the peninsular nation’s economic backbone and make up around 70% of government revenues. Gas operations have propelled the country’s GDP per capita into the top 50 globally. QatarEnergy is the state-owned entity involved in managing all oil and gas activity in the country.
The country has made considerable investments in producing LNG since it began in the 1990s, with the country now one of the leading LNG exporters worldwide along with the US and Australia. LNG export from Qatar has traditionally been done through long-term oil-indexed contracts, though short-term contracts are being made as the LNG customers diversify import sources. The traditional target market for the country’s product is Asia, although interest in Qatari LNG from Europe has grown.
While the nation’s power generation capacity has traditionally come from fossil fuels, the government has made ambitious strides to develop renewable capacity, particularly solar. The state has set ambitious targets to have its electricity derived from non-gas sources by 2030 under the Qatar National Vision 2030 initiative.
QatarEnergy has signed a 15-year deal for the supply of 3 million tonnes per year of LNG to Kuwait Petroleum Corporation.
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QatarEnergy is in talks with Kuwait Petroleum Corporation for a new long-term agreement to supply LNG to Kuwait.
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Ahmed Abdel Rahman of Clenergy MENA talks about the significance of projects such as the Shagaya Renewable Energy Park.
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QatarEnergy has brought Taiwan’s CPC Corporation on board as a partner in the North Field East LNG expansion project.
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Suresh Pillai of Mark Technologies talks about natural gas production in Kuwait's Jurassic gasfields.
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Saipem has signed a USD 4.5-billion contract with LNG giant Qatargas for engineering, procurement, fabrication and installation of two offshore gas complexes in Qatar,…
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TotalEnergies has been chosen by NOC QatarEnergy as the first international partner on its North Field South LNG project, the French super-major announced on…
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QatarEnergy has signed an MoU with General Electric to develop carbon capture and storage (CCS) technology at Ras Laffan Industrial City and create a national carbon…
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Qatar plans to more than double its renewable energy output through the commissioning of two solar plants, the Qatari government announced on Tuesday.
Construction…
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McDermott has been awarded a FEED contract by NOC QatarEnergy for the second phase of its North Field Expansion (NFXP) project that will see the nation boost LNG…
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ConocoPhillips and Eni have each signed deals with NOC QatarEnergy for stakes in the North Field East LNG expansion project, Reuters confirmed today.
The two…
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TotalEnergies has been selected as a joint venture partner by NOC QatarEnergy to develop its North Field East LNG project, the French super-major announced on Sunday.
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QatarEnergy has inaugurated its Barzan gas facility in the Ras Laffan Industrial City north of Doha, the Qatari NOC announced on social media on Tuesday.
The Barzan…
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QatarEnergy has signed a contract with Houston-based engineering company McDermott for EPCI works on its North Field Expansion Project offshore Qatar, the state-owned…
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Tenaris has signed a contract with state-run QatarEnergy to supply line pipes and bends for the North Field East project, the Luxembourg-headquartered steel pipe…
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