Mubasher: Qatar Petroleum announced its intention to raise Qatar’s liquefied natural gas (LNG) production from 77 million to 100 million tons per year, which means a 30% production increase, according to a statement on Tuesday.
The new additional volumes will be secured by doubling the size of the new gas project in the southern sector of the North Field, which Qatar Petroleum had announced last April.
This will increase the North Field’s production of natural gas, condensate and other associated products by one million barrels of oil equivalent per day.
“We have decided that the best option would be to double the size of the project to 4 billion cubic feet of gas per day, which constitutes a 20% increase from the current North Field production rate, or about 1 million barrels of oil equivalent per day,” said Saad Al-Kaabi, the president and CEO of the company.
“Once completed, within 5 to 7 years from now, this project will raise the production of the State of Qatar to about 6 million barrels of oil equivalent per day,” he added.
