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FinancialNews


  • 20-07-22

    Qatar’s strategy to grow gas output meets market requests

    (MENAFN) By having revealed the list of firms picked for growing the North Field East (NFE) gas field, Qatar implements the beginnings of expanding its output of liquefied natural gas to 110 million tons, a 43 percent increase.

    As a result, the four new production lines are going to be prepared for output by the upcoming three years.

    Analysts revealed to Qatar News Agency that this opens the path for declaring the winning firms for the development of the following phase of the southern area of the North Field at the start of the next year, which targets to raise the national output volume of liquefied natural gas from 110 million tons yearly to reach 126 million tons by 2027.

    Experts assert that Qatar picked the right moment to declare its North Field East gas field development associates, in light of the climbing weight on the international gas market causing in a hunt for extra sources of this important substance.

    MENAFN20072022000045014228ID1104559696

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