Biggest LNG Producer Targets 64% Jump in Output Capacity by 2027 - Bloomberg

Biggest LNG Producer Targets 64% Jump in Output Capacity by 2027 - Bloomberg:

Qatar, the world’s biggest supplier of liquefied natural gas, plans to boost output capacity by almost two thirds after it adds production facilities to exploit recently discovered reserves.

The Persian Gulf state will expand its LNG capacity to 126 million tons a year by 2027, thanks to gas from a newly explored section of the planet’s largest field, Energy Minister Saad Sherida Al Kaabi said at a news briefing in Doha. Qatar can currently produce 77 million tons of LNG annually and expects to raise capacity to 110 million tons by 2024. 

Qatar’s massive North Field extends onshore into the area around the industrial city of Ras Laffan, Al Kaabi said on Monday. “Studies and well tests have also confirmed the ability to produce large quantities of gas from this new sector,” he said.