Qatar Sets Ambitious Goal To Increase LNG Production by 2030

Qatar plans to significantly boost its liquefied natural gas (LNG) production capacity to 142 million tons annually by 2030, Energy Minister Saad bin Sherida Al Kaabi announced on Sunday. The North Field West project aims to increase the country’s output by nearly 85% from its current levels, solidifying its position as a global LNG leader. Al Kaabi, who also serves as the president and CEO of QatarEnergy, revealed the discovery of an additional 240 trillion cubic feet of gas in the North Field, pushing Qatar’s total gas reserves beyond 2,000 trillion cubic feet. This expansion and discovery mark a monumental step toward enhancing Qatar’s gas industry and its global energy contributions, with the nation targeting to supply 40% of the world’s new LNG by 2029.