State-owned Qatar Petroleum will raise Qatar’s liquefied natural gas (LNG) production capacity to 126 million tonnes per annum (mtpa) by 2027, an increase of 64% from the current 77 mtpa.
Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum, also announced that new studies have revealed that the North Field’s productive layers extend well into Qatari land in Ras Laffan, paving the way for a new LNG production project in the north of Qatar.
Minister Al-Kaabi confirmed gas reserves of the North Field exceed 1760 trillion cubic feet, in addition to more than 70 billion barrels of condensates, and massive quantities of LPG, ethane, and helium.
Qatar’s expansion plans, with four new production facilities, known as LNG trains, is potentially a boost for future worldwide helium supplies which would help ease the current shortage, and is potentially a new Qatar 4.
“During the past two years, Qatar Petroleum worked diligently to determine the degree to which the North Field extends towards the south west, as well as the possibility of production from Qatar’s northern coastal onshore areas,” Minister Al-Kaabi said.
“I am pleased to announce that our appraisal efforts have borne fruit, and that we have confirmation that the productive layers of the North Field extend well into Qatari land in Ras Laffan. Studies and well tests have also confirmed the ability to produce large quantities of gas from this new sector of the North Field.
“These are very important findings, which will have a great positive impact on Qatar’s gas industry, and which will move it forward into bigger and wider horizons. These results will also enable us to immediately commence the necessary engineering work for two additional LNG mega trains with a combined annual capacity of 16 million tonnes per annum. This will raise Qatar’s LNG production from currently 77 million tonnes to 126 million tonnes per annum by 2027, representing an increase of about 64%. It will also raise Qatar’s overall hydrocarbon production to about 6.7 million barrels oil equivalent per day.”