First Published: 2017-07-04

Qatar plans to boost gas production by 30%
Head of Qatar Petroleum says Gulf emirate intends to raise production to 100 million tonnes of natural gas a year by 2024.
Middle East Online

Qatar is the world's biggest producer of Liquefied Natural Gas

DOHA - Energy-rich Qatar said Tuesday it plans to increase natural gas production by 30 percent over the next several years, as it faces pressure from its neighbours in a diplomatic crisis.

Saad Sherida Al-Kaabi, the head of Qatar Petroleum, told a press conference that the emirate intends to raise production to 100 million tonnes of natural gas a year by 2024.

"This new project will strengthen Qatar's leading position," Kaabi told reporters.

"We will remain the leader of LNG for a very long time."

Qatar is the world's biggest producer of Liquefied Natural Gas (LNG).

Qatar's current production is up to 77 million tonnes per year. The expansion will increase output levels up to the equivalent of six million barrels of oil per day, Kaabi said.

The announcement comes as the Gulf faces its worst diplomatic crisis in years after Saudi Arabia and its allies imposed a sweeping embargo on Qatar last month.

Its timing is likely to be seen as as much political as economic.

On Monday, Qatar gave its response to a 13-point list of demands its neighbours made for lifting their sanctions.

Kaabi said Qatar wanted the production increase to be carried out through a joint venture with international companies.

But he added that the emirate would still go ahead with it even if Saudi Arabia and its allies made good on their threat to sanction any international firm working with Qatar if it failed to meet their demands.

"If there are no companies willing to work with us, we will do the 100 million tonnes," he said.

 

Saudi King sets up new state security agency

Hezbollah launches Syria border operation

Intensifying Jihadist-rebel clashes in Syria's Idlib

Police fire tear gas to disperse Morocco protest

Foreign food chains hoping for taste of Iran market

Three Palestinians shot dead in Jerusalem

Nearly 360 injured in Turkey by magnitude 6.7 quake

UN says Saudi to blame for deadly Yemen strike on civilians

Germany reviews arms sales to Turkey

China calls for Gulf crisis talks

Israel bars men under 50 from Jerusalem Old City prayers

Rebel ambush kills 28 regime fighters near Damascus

Turkey slams 'dangerous' Cyprus energy plans

Saudi prince 'arrested over leaked abuse videos'

Israel boosts 'security measures' as Al-Aqsa tensions simmer

Kuwait expels Iranian diplomats over 'terror' cell

Germany vows to overhaul Turkey ties as row escalates

Home cooked meals a relief for fighters in Syria's Raqa

US maintains designation of Iran as top 'state sponsor'

US halting support for Syria rebels

30 civilians dead in anti-IS strikes in Syria

Palestinian civilians urge ICC to speed up probe

Turkey PM opts for stability in light cabinet reshuffle

UN aid flight carrying journalists barred from Yemen

Former IS slaves fight for revenge in Raqa

US, Iran trade tit-for-tat sanctions

20 Yemeni civilians killed in air strike

14 killed in opposition infighting in Syria's Idlib

Morocco sentences 25 to prison over W. Sahara killings

Egypt police kill top militants

Heavy rainfall hits Istanbul causing transport chaos

Palestinians protest Israeli security measures at Al-Aqsa compound

Saudi police question woman who wore miniskirt

Rebels, US-backed Kurds clash in northern Syria

Netanyahu says Hungary is 'standing up for' Israel

Lebanon army to launch operation near Syria border

Morocco delays currency reform amid speculation

Iran parliament vows to fight US 'adventurism'

4 killed in suicide car bomb at Kurdish checkpoint in Syria

Israel opposes Syria truce deal over Iran presence

Egypt to end visas on arrival for Qatari citizens

Erdogan to visit Qatar, Saudi Arabia

Turkey court refuses to free six rights activists

Trump keeps Iran deal, but sanctions will stay in place

UAE FM warns Qatar is 'undermining' GCC allies