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.

 

Libya to investigate 'slave auction' footage

Iraq top court declares Kurd referendum unconstitutional

Saudi Arabia, Arab allies push for unity against Iran, Hezbollah meddling

15 women killed in food aid crush in Morocco

Rare moments of joy at Arabs’ unprecedented World Cup qualifications

UN chief horrified by Libya slave auctions

Qatar 2022 chief has no regrets over hosting World Cup

Gheit says Lebanon should be 'spared' from regional tensions

Syria ‘de-escalation zone’ does nothing to stop civilian deaths

Is a demilitarised Palestinian state a viable option?

S&P affirms good Saudi credit ratings

Israel president faces big backlash over Palestinian scarf

Sudan leader to visit Russia Thursday

Seven years into Libya’s civil war, the chaos continues

Lebanon FM will not attend Arab League Iran summit

Syrian forces liberate Albu Kamal from IS

Israel votes to shut migrant centre, deport Africans

Diplomats from Iran, Russia, Turkey discuss Syria

Libya to investigate ‘slave auction’ footage

Piece by piece, Iran moves towards a ‘new empire’

Netanyahu faces new questioning over corruption case

Syria troops, allies retake most of Albu Kamal from IS

EU cuts funding to Turkey in 2018 budget

Lebanon's Hariri arrives in Paris

Egypt opens Gaza border for first time since unity deal

US-Russia rift threatens fragile prospects for Syria peace

'Caliphate' in tatters but IS still a threat

Saudi Arabia recalls ambassador to Berlin over Gabriel Lebanon comments

Russia again vetoes renewal of Syria gas attacks probe

UN weighs bid to save Syria gas attacks probe

IS attack kills 26 displaced people in Syria

Saudi FM says Lebanon 'held hostage by Hezbollah'

Egypt to open Rafah crossing for 3 days

Turkish troops pulled from NATO drill amid new tensions

Six children among civilians killed in shelling of Eastern Ghouta

US official calls on Sudan to stop 'church demolitions'

Hariri set to leave Saudi Arabia for France

Fears of bombs, IS cells still haunt Mosul

Iraq retakes Rawa, last town held by IS

Riyadh striking deals with people detained in anti-graft purge

Iran criticises French Mideast policy

Russia again blocks UN resolution on Syria action

Israel military chief says ready to cooperate with Saudi Arabia

Egypt confirms death of wanted jihadist

UK denies link between citizen detained in Iran and £400m debt