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Qatari gas becoming the most important to the world

Qatari Gas

OilPrice expects the Qatari gas to become the most valuable to the world

Business News Report

Qatar’s expansion of its gas production will make the Qatari gas the best in the world. A Qatari project will raise the annual production from 77 to 110 million tons – an increase of 40%.

The project will cost $28.75 billion and will be operational by 2025. The Northeast Field project will have lower carbon emissions than LNG produced without a CCS system.

OilPrice said Qatar wants to dominate the fast-growing gas market. Qatar is the third largest exporter of natural gas as its reserves amount to about 15% of the gas in the world.

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