Hisham El Grawany, the area manager of North Africa at DNV GL, sat down with TOGY to discuss the company’s role in some of Egypt’s mega-projects as well as…
READ MOREQatar'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.
QatarEnergy has chartered an additional 19 LNG tankers, bringing its fleet to a massive 104.
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READ MOREQatar reports
More reportsThe USD 5-billion Congo LNG project is expected to reach a capacity of 3 million tonnes per year.
READ MOREQatarEnergy announces plans to expand production in the world’s largest known gas reservoir.
READ MOREQatarEnergy 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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READ MOREQatar, host of the April 17 Doha meeting of <a href='https://theenergyyear.com/companies-institutions/opec/’>OPEC and non-OPEC producers, on Tuesday formally…
READ MOREMohammed bin Saleh Al Sada, Qatari minister of energy and industry and current president of <a…
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READ MORETotal UAE exploration and production president Hatem Nuseibeh speaks to TOGY about changing concession agreements and increasing recovery factor goals. In January 2014,…
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READ MOREOmani Minister of Oil and Gas Mohammed bin Hamad bin Saif Al Rumhy said on Wednesday that his country stands with Iran in the latter’s objection to last week’s…
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