Qatar

State-owned Qatar Petroleum (QP) inked agreements this week with South Korea’s major shipyards, reserving construction capacity to secure more than 100 liquefied natural gas (LNG) carriers over the next eight years in a deal valued at more than $19 billion.

State-owned Qatar Petroleum said Wednesday that it has spud the first of 80 wells as part of its ambitious North Field East (NFE) Project aimed at significantly expanding its liquefied natural gas (LNG) output in the coming years.

State-owned Qatar Petroleum (QP), the world’s largest natural gas producer, said by 2027 it should be able to increase current liquefaction capacity by 64%.

State-owned Qatar Petroleum remains committed to expand its natural gas exports worldwide by 2024 to maintain its leadership position, Energy Minister Saad Sherida Al-Kaabi said Tuesday.

Chevron Phillips Chemical Co. LLC and Qatar Petroleum (QP) are stepping up to take advantage of Lower 48 natural gas and plan to jointly develop a huge petrochemical plant on the Gulf Coast that would include an ethylene cracker and two high-density polyethylene units.

Chevron Phillips Chemical Co. LLC (CPChem) said Monday it is working with the world’s largest natural gas producer, Qatar Petroleum (QP), to develop a petrochemicals complex in Qatar.

Australia is poised to become the world’s largest producer of liquefied natural gas (LNG) next year and will retain that position until 2024, when Qatar will reclaim the top production spot, according to independent energy research and consulting firm Rystad Energy.

Qatar’s state-owned producer, the largest natural gas exporter in the world, is aiming to remain on the leaderboard as it awards contracts to enhance production capacity by 2024 to 110 million metric tons/year (mmty) from 77 mmty.

A discovery that may represent a natural gas resource of 5-8 Tcf has been discovered offshore Cyprus by ExxonMobil Corp., which partners in the block with Qatar Petroleum.