QatarEnergy announced in February 2021 that it would construct the world’s largest LNG project ever, including substantial CO2 capture and sequestration. The world’s largest LNG project, will expand Qatar’s LNG production capacity from 77 million tons per annum (MMTPA) to 110 MMTPA. In addition to LNG, the project will produce condensate, LPG, ethane, sulfur and helium. It is expected to start production in the fourth quarter of 2025 and its total production will reach about 1.4 million barrels oil equivalent per day.
Oil and gas
At a glance
The Oil and Gas sector is central to Qatar’s export economy. The State is and will continue to be the world’s largest exporter of Liquified Natural Gas (LNG) with its unrivalled expansion. This is supported by its world-class industrial cities that not only encompass a full-service port, but also a residential community with an array of facilities. Such factors have contributed to increasing investments in the sector and attracting several multi-national oil and gas corporations.
Natural gas reserves
Qatar liquified natural gas expansion
Qatar solar technologies
Formed in line with the Qatar National Vision 2030’s key objectives, QSTec is
a joint venture between Qatar Solar, a fully owned subsidiary of Qatar
Foundation for Education, Science and Community Development, and the Qatar
QSTec is enabling the world to reach a sustainable future by manufacturing and supplying polysilicon that is used by the global solar industry to produce innovative solar energy solutions that are used locally and exported globally.
QSTec has an 8,400 metric tons per year (MTPY) high quality, solar grade Polysilicon manufacturing facility in the Ras Laffan Industrial City (RLIC) that produces top tier polysilicon for use in the world's most efficient solar technologies. In addition to this QSTec has installed ground and rooftop PV installations at its RLIC site with a total installed capacity of 1.1 megawatts of solar power.
TAWTEEN is the supply chain localisation programme led by QatarEnergy. The programme creates significant investment opportunities and provides suppliers with technical and business development channels. TAWTEEN’s participants encompass all companies operating in the energy sector, along with other supporting industries and government entities.
Who is already here
A global group of energy and petrochemicals companies with an average of 94,000 employees in more than 70 countries and territories. Since 2006, Shell has invested over $20 billion in Qatar to build a highly material business. As the largest foreign investor in the country, and working closely with QatarEnergy, Shell is committed to delivering long term value for Qatar and Shell for decades to come. Today, the scope of Shell’s partnership with QatarEnergy covers key elements of the oil and gas business.
Total’s relations with Qatar date back to 1939 when it participated in the discovery of Dukhan Field within the concession area of QatarEnergy Company, then affiliated to Iraq Petroleum Company. Today, Total’s operations covers multiple sectors within the Oil and Gas industry including, exploration and production, renewable energies, refining and chemicals and other products.
Total also holds a 30% stake in the Al-Shaheen concession, located 80 kilometers north of Ras Laffan, through the operator, the North Oil Company (NOC).
At the Qatargas 1 liquefied natural gas (LNG) plant, Total has a 10% stake in liquefaction trains 1, 2 and 3, which have a capacity of 10 million metric tons per year, and a 20% stake in the plant’s condensate production.
The company also holds a 16.7% interest in Qatargas 2’s liquefaction train 5, which has an annual capacity of 8 million metric tons.
Through these interests in the Qatargas 1 and 2 LNG plants and in Dolphin Energy, Total contributes to the production, processing and export of North Field gas in Qatar.
ExxonMobil has partnered with QatarEnergy to develop the North Field, the world’s largest non-associated natural gas field. Through the RasGas and Qatargas joint ventures, they have participated in 12 of the 14 LNG trains, 27 of the world’s largest liquefied natural gas (LNG) ships, three receiving terminals in Europe and the United States, and Qatar’s largest condensate refinery.
Additionally, ExxonMobil is the only foreign participant in two domestic gas projects, Al Khaleej Gas and Barzan Gas. ExxonMobil also provides technical and management expertise to directly support QatarEnergy and Qatar Gas Transport Company Ltd. (Nakilat) through secondments of ExxonMobil employees.
ExxonMobil is proud to contribute to the Qatar National Vision 2030 –the country’s roadmap to continued advancement for the next 15 years—by driving human development, contributing to its thriving society, and supporting responsible and sustainable development.
Wasco Energy is a leading integrated energy group that operates in the global market. Headquartered in Malaysia and supported by a robust network of operations in 17 international locations, they provide reliable and competitive products, services and solutions to oil and gas players the world over. Wasco Energy has built an enviable track record of delivering major energy projects across key markets and today they continue to extend their footprint via distinct product and service offerings in the areas of Pipeline Services, Engineering Services, E&P Services & Field Services.
Wasco Energy Limited and QatarEnergy signed an MOU for the establishment by Wasco of a facility in the State of Qatar for anti-corrosion and concrete weight coating; in support of QatarEnergy's Tawteen Program.
WASCO COATINGS MIDDLE EAST QFZ LLC is located in Doha and is part of the Coating, Engraving, Heat Treating, and Allied Activities Industry.
IPA Qatar and PwC are joining forces to bring to you the definitive guide to Qatar's business environment, so you can confidently plan for your next venture with a full understanding of the legal and regulatory framework within which your business will operate.