|The TEX Report Topics < LNG >|
|HOME >> Topics List >> November, 2019 >> 27 (Wed)|
|Qatar Petroleum to Further Expand LNG Production Capacity|
|= Two LNG trains to be added and capacity to reach 126 mtpa =|
Qatar Petroleum (QP) on 25th announced a plan to expand its LNG production capacity to 126 million mt per annum by 2027. In response to confirmation of additional gas reserves in the North Field gas field, the company decided to add two LNG trains with a combined capacity of 16 mtpa. Once completion, its production capacity will rise by approximately 64% from the current 77 mtpa.|
QP has resumed the development of the gas field and announced a plan to add capacity of 32 mtpa through four trains, utilizing gas from the field.
The company has also evaluated of the field and confirmed the field's productive layers extend well into land in Ras Laffan. Saad Sherida Al-Kaabi, President and CEO of QP, told at a press conference "gas reserves of the North Field exceed 1760 trillion cubic feet," also announcing its intention to immediately commence the necessary engineering work for the two liquefaction units. In the field, more than 70 billion barrels of condensate, and LPG and ethane were confirmed and hence Qatar's hydrocarbon production is expected to reach 6.7 million barrels a day.
Qatar, which has been leading LNG markets as the world's largest LNG producer, is competing with Australia which swiftly expanding production capacity by launching new projects in recent years. The US is also launching LNG plants through shale gas developments, and its capacity is poised to exceed the two countries.
However, significant capacity expansion is not planned in the future in Australia. Meanwhile, four LNG trains will be completed in Qatar in 2024 and the country's production capacity will reach 110 mtpa, hugely surpassing Australia.
After that, the US will be the competitor for Qatar. According to the Energy Information Administration (EIA), the US's LNG production capacity reached up to 114 mtpa (including under construction plants) and projects with a combined capacity of more than 100 mtpa have been approved and are ready for final investment decisions (FIDs).
|last modified : Tue 03 Dec, 2019 [11:05]|