NEWS
- September 06, 2016
The UAE, Kuwait and Qatar over the past 24 hours have all expressed support for the Saudi-Russian initiative announced on Monday to jointly work to stabilise oil…
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Qatar's Energy Industry
in figures
Oil reserves25.2 billion barrels
Oil production1.75 million bopd
Gas reserves24.7 tcm
Gas production177 bcm
Qatar: Advantages in Adversity
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.
NEWS
Qatar - April 29, 2024
QatarEnergy has struck a USD 6-billion deal with a Chinese shipyard to build 18 of the largest LNG carriers ever constructed.
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NEWS
Qatar - April 01, 2024
QatarEnergy has chartered an additional 19 LNG tankers, bringing its fleet to a massive 104.
READ MOREQatar reports
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Articles
Republic of Congo - February 27, 2024
The USD 5-billion Congo LNG project is expected to reach a capacity of 3 million tonnes per year.
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NEWS
Qatar - February 26, 2024
QatarEnergy announces plans to expand production in the world’s largest known gas reservoir.
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NEWS
Qatar - February 05, 2024
QatarEnergy has agreed to supply Japanese conglomerate Mitsui & Co with up to 11 million barrels of gas condensate per annum for 10 years.
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Interview
Kuwait - June 01, 2023
Houssam Dennaoui, deputy CEO of Alam Steel Industries Company, talks to The Energy Year about the company’s contributions to Kuwait’s economy and the main…
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NEWS
- July 29, 2016
Eni’s results over the first half of 2016 have swung to a loss, as the company’s results slid from a EUR 735 million profit to more than EUR 1.2 billion in losses.…
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Interview
Oman - July 27, 2016
David Beniston, managing director of Andam International (AIL), speaks to TOGY about the services they provide to oil and gas companies, including top oil drilling, and…
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NEWS
Qatar - July 27, 2016
Engineering firm SNC-Lavalin inked a five-year engineering consultancy and support services contract with Oryx GTL in Qatar on Wednesday. Just yesterday, McDermott…
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NEWS
Qatar - June 28, 2016
Total late on Monday obtained a 30% stake in the Al Shaheen field, outbidding rivals BP and Shell for the 25-year contract. The deal will see the French major take over…
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NEWS
Qatar - June 27, 2016
Qatar Petroleum (QP) announced over the weekend its intention to integrate the Qatar International Petroleum Marketing Company, better known as Tasweeq. The process is…
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NEWS
Qatar - June 13, 2016
Qatar will post its first fiscal deficit in 15 years in 2016, a report the Ministry of Development Planning and Statistics released over the weekend revealed, as low…
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NEWS
Qatar - May 26, 2016
Qatar is putting its biggest offshore oilfield on the bidding table, with many large oil players already submitting their offers, according to Reuters.
The Al…
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NEWS
Qatar - May 11, 2016
Qatar Petroleum has loaded its 10,000th LNG vessel at Ras Laffan. The milestone was marked with a ceremony on Tuesday, attended by a host of local and international oil…
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NEWS
Kuwait - May 10, 2016
Kuwait has overtaken Qatar as the third-largest supplier of crude to Japan, behind Saudi Arabia and the UAE, preliminary government export data for March released on…
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