The Ras Laffan Industrial City, Qatar’s principal site for production of liquefied natural gas and gas-to-liquid, is administrated by Qatar Petroleum.
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Qatar will generate $40 billion in additional export revenue once it finishes its natural gas expansion project in 2024, according to a person with direct knowledge of the matter.The country last year announced plans to boost output to 100 million tons within seven years.Qatar's total production of oil and gas will reach an equivalent of 6.2 million barrels a day when the expansion is complete, up from 4.8 million currently, he said.Global LNG consumption is expected to rise by more than a third over the next decade to 416 million tons a year, according to Bloomberg New Energy Finance. Chinese imports of the fuel surged 35 percent in the first eight months of this year, and gas producers from Australia, Africa and the U.S. are boosting output to capture a bigger share of this growing market.Kaabi didn't disclose how much Qatar Petroleum will spend on the expansion.
FOLLOW THIS ARTICLE