The multi-billion dollar North Field Expansion, the largest LNG development in global history, will generate substantial revenues for Qatar and hugely contribute to the country’s GDP, noted HE the Minister of State for Energy Affairs Saad bin Sherida al-Kaabi.
The North Field expansion, comprising North Field East (NFE) and North Field South (NFS), will provide significant benefits for all sectors of the Qatari economy during the construction phase and beyond, al-Kaabi said in reply to a question by Gulf Times at a media event at QatarEnergy headquarters on Sunday.
NFE will expand Qatar’s LNG export capacity from the current 77mn tonnes per year (mtpy) to 110 mtpy (in the first phase expected to be completed by 2025).
The North Field expansion plan includes six LNG trains that will ramp up Qatar’s liquefaction capacity from 77 mtpy per year to 126 mtpy by 2027.
Four trains will be part of the North Field East and two trains will be part of North Field South project, he noted.
Stressing the importance of the private sector, the minister said Qatar’s private sector will have a huge opportunity to contribute to the project.
“This week, we'll be announcing four major projects, three in gas and one in petrochemicals. Over the next seven years we will be investing billions of dollars into many projects, including one on gas-fired electricity generation,” al-Kaabi said.
He said after the current phase of the construction activities, the North Field Expansion and other QatarEnergy projects will keep driving the local economy.
The North Field expansion, comprising North Field East (NFE) and North Field South (NFS), will provide significant benefits for all sectors of the Qatari economy during the construction phase and beyond, al-Kaabi said in reply to a question by Gulf Times at a media event at QatarEnergy headquarters on Sunday.
NFE will expand Qatar’s LNG export capacity from the current 77mn tonnes per year (mtpy) to 110 mtpy (in the first phase expected to be completed by 2025).
The North Field expansion plan includes six LNG trains that will ramp up Qatar’s liquefaction capacity from 77 mtpy per year to 126 mtpy by 2027.
Four trains will be part of the North Field East and two trains will be part of North Field South project, he noted.
Stressing the importance of the private sector, the minister said Qatar’s private sector will have a huge opportunity to contribute to the project.
“This week, we'll be announcing four major projects, three in gas and one in petrochemicals. Over the next seven years we will be investing billions of dollars into many projects, including one on gas-fired electricity generation,” al-Kaabi said.
He said after the current phase of the construction activities, the North Field Expansion and other QatarEnergy projects will keep driving the local economy.