Lifting of North Field moratorium to help boost Qatar growth, income: QNB

Lifting of North Field moratorium to help boost Qatar growth, income: QNB:

"Qatar’s decision to lift the North Field moratorium will help boost growth and national income when production comes on stream, probably just after the World Cup in 2022, QNB has said in an economic commentary.  In April last year, Qatar lifted a moratorium on the development of the North Field, the world’s largest non-associated gas reservoir. The moratorium had been in place since 2005 and its removal clears the way for an increase in production and export of liquefied natural gas (LNG).  In July 2017, Qatar announced a new development from the North Field would produce 23mn tonnes per year (tpy) by 2024; an increase of 30% from current total LNG production levels to about 100mn tonnes per year, thus cementing Qatar’s position as the leading LNG producer. "



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