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Thursday, May 21, 2026 | Daily Newspaper published by GPPC Doha, Qatar.

Tag Results for "LNG production" (3 articles)

Gulf Times
Qatar

IMF: Qatar economy a model of resilience

There is an international consensus on the resilience, endurance and strength of the Qatari economy, with the International Monetary Fund stressing that Qatar's economy stands as an established model of flexibility and stability.According to a report by Qatar TV, the Qatari economy has continued its strong performance, supported by effective financial management and expansion in LNG production, alongside remarkable growth in the non-oil sectors. The latest IMF estimates show that Qatar's economy recorded 2.4% growth in 2024, rising to 3% in 2025, with projections climbing to 4% over the medium term. Further estimates indicate that growth will accelerate in the coming period to reach 6.8% by 2027, underpinned by the expansion of energy projects and the rollout of broader structural reforms.The state has succeeded over the past several years in building robust economic foundations capable of efficiently withstanding international fluctuations, uncertainties and shocks. The Qatari economy has weathered a turbulent regional landscape, including the recent fallout from the US-Iran conflict and disruptions to Gulf energy infrastructure, with its fundamentals remaining firmly intact.A Wall Street Journal report further emphasised that the Qatari economy demonstrates a remarkable capacity to absorb crises and diversify its sources of income while maintaining contingency plans that sustain stability and growth. This flexibility ensures the continuity of economic activities and business operations even during periods of international turbulence — a quality that has set Qatar apart among regional peers navigating volatile commodity cycles and geopolitical strain.Qatar also commands substantial sovereign wealth, with its sovereign funds expected to reach $532bn by 2027 — equivalent to more than 200% of total GDP. This vast reserve base lends the Qatari economy added firepower to overcome crises, finance long-horizon investments and secure financial stability over the long run. Few economies in the world enjoy a sovereign asset cushion of comparable scale relative to output, a structural advantage that reinforces investor confidence and sovereign credit standing.Among the principal pillars of strength of the Qatari economy is the implementation of Qatar National Vision 2030, particularly its emphasis on diversifying income streams and reducing dependency on hydrocarbon revenues. The vision continues to channel investment into priority sectors including financial services, logistics, tourism, manufacturing, technology and sports, broadening the productive base of the economy and cementing Qatar's status as one of the most stable economies in the region.The North Field expansion, which is set to lift Qatar's LNG production capacity to 142mn tonnes per year by 2030, remains the cornerstone of the country's energy strategy and a key driver behind the IMF's upbeat medium-term outlook, while non-hydrocarbon growth continues to gather pace in parallel. 

Gulf Times
Qatar

Golden Pass LNG lights up, bringing Qatar's US energy vision to life

Golden Pass LNG, a joint venture between QatarEnergy and ExxonMobil, has marked a major milestone towards full operations of its LNG production and export facilities by achieving first LNG production from the first of three trains comprising the 18mn tonnes per annum project.First LNG sets the stage for Golden Pass LNG to deliver its first cargo from its facilities located in Sabine Pass, Texas, by achieving sustained liquefaction operations, and meeting its commercial and strategic objectives."First LNG is of a particular importance for one of the largest single investment decisions in the US LNG history. The operational phase and market entry of Golden Pass LNG will come at an important time when global energy security ranks very high on energy agendas worldwide. We look forward to the safe and successful start of export operations," said His Excellency Saad bin Sherida al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy.Highlighting that Golden Pass LNG is part of a wider QatarEnergy strategy for international investments that it has been planning over the past decade, he said it also represents a significant part of the plans announced by QatarEnergy in 2018 to invest $20bn in the US energy sector."We are now seeing the first fruits of this far-sighted strategy with the start of Golden Pass LNG, which will play an important role in supporting global energy security and a fair and balanced access to cleaner energy," HE al-Kaabi said.He added: "I would like to thank the US regulators for their effective cooperation, which has helped lead to this moment. I also would like to thank our strategic partner, ExxonMobil, with whom we continue to work closely to implement this and other projects around the world. Finally, I would like to voice gratitude to the management and all employees at Golden Pass LNG as well as the teams at QatarEnergy and ExxonMobil for their dedication and commitment, which are key to helping deliver on our energy commitment."Golden Pass LNG is a partnership between QatarEnergy (70%) and ExxonMobil (30%). The two companies announced their final investment decision of more than $10bn for developing the Golden Pass LNG export project in February 2019. Global LNG exports from the project are expected to begin in the second quarter of 2026. 

Picture: Qatar Energy
Business

QatarEnergy awards EPC contract for 4.1MTPY world-scale carbon capture and sequestration project

QatarEnergy has awarded Samsung C&T Corporation the engineering, procurement, and construction (EPC) contract for a landmark carbon capture and sequestration (CCS) project to serve QatarEnergy’s existing LNG production facilities in Ras Laffan Industrial City.The new project will capture and sequester up to 4.1mn tons of CO₂ per year , making it one of the world’s largest of its kind and placing Qatar at the forefront of global large-scale carbon capture deployment, reinforcing its leadership role in providing responsible and sustainable energy.His Excellency the Minister of State for Energy Affairs, His Excellency Saad Sherida al-Kaabi, who is also the President and CEO of QatarEnergy, welcomed the award as an important step and said: “This milestone project builds upon our growing carbon capture and sequestration capabilities, which reinforce our position as a reliable provider of affordable lower-carbon energy. “All our LNG expansion projects will deploy CCS technologies, with an aim to capture over 11 MTPY of CO2 by 2035.”Minister al-Kaabi added: “By implementing important environmental aspects of QatarEnergy’s sustainability strategy, our CCS projects will enable a significant reduction in Green House Gas emissions and will greatly support Qatar’s National Climate Change Action Plan. To achieve this, we are pleased to partner with Samsung C&T Corporation, and we look forward to the successful execution of this world-scale project.”QatarEnergy launched its first CCS project in 2019 with a capacity of 2.2 MTPY. Two other ongoing CCS projects will serve the North Field East and North Field South expansion projects, capturing and storing 2.1 MTPY and 1.2 MTPY of CO2 respectively.