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Qatar’s LNG: a brief overview 27, May 2009

Posted by thegulfblog.com in Iran, LNG, Qatar.
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qatar-north_field

Here are a few salient facts about Qatar’s LNG production today and in the future.

Qatar produces:

– 33 million tonnes per year of LNG  in 2008

– 60 million tonnes per year of LNG in 2009

– 70 million tonnes per year of LNG by 2012

– This 2012 target will amount to roughly 30% of the world’s LNG needs

– This will make them far and away a proportional bigger supplier of LNG than Saudi Arabia is of oil who supply around 12-13%

– One full cargo of the largest Qatari tanker is sufficient to heat every UK home for a day

– Qatar shares the world’s largest gas field with Iran – some 6000 square meters

– Current estimates suggest that it holds around 900 trillion cubic feet of gas

– It is expected to last for more than 100 years

– Qatar Petroleum are believed to have invested around £40billion in oil and gas in 2008-2010 alone

Sources:

Nadim Kawach © Emirates Business 24/7 2009

LNGPEDIA is an excellent aggregation source for LNG related topics.

The BP statsitical review is an unbeatable source for energy data.

Adding Value in the LNG Supply Chain‘ Bjorn Moller. ONS Conference.  Stavanger, August 24, 2006

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Royal visit for opening of LNG terminal 12, May 2009

Posted by thegulfblog.com in LNG, Qatar.
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LNG Tanker

Members of the British and Qatari royal families will visit South Wales to celebrate the opening last month of a new Liquefied Natural Gas (LNG) terminal. Eventually, it is expected that the UK will receive up to 20% of its gas needs from Qatar via South Hook and Port Talbot in Wales. In an excellent summary, the key paragraph from the BBC states that:

The UK is now the world’s fastest growing market for imported gas and now has a direct link with Qatar, the world’s biggest LNG exporter.