(MENAFN- Brazil-Arab News Agency (ANBA))
Ras Laffan – Qatar's state-owned energy giant began construction Tuesday (3) on a project to expand production from the world's biggest Natural gas field through an export terminal on the Gulf emirate's northeast coast.
There has been mounting demand for Qatari gas as European consumer nations have scrambled to replace lost Russian deliveries.
The emir presided over a glitzy ceremony to lay the foundation stone for the North Field expansion at Ras Laffan, QatarEnergy's onshore gas processing base 80 kilometres (50 miles) north of Doha.
Sheikh Tamim bin Hamad Al-Thani wrote on X, formerly Twitter, that the project“falls within our strategy towards strengthening Qatar's position as a global producer of liquefied natural gas (LNG).”
Qatari Energy Minister Saad al-Kaabi called the project a“leap towards our country's leadership in the field of energy.”
By increasing production at the field, which extends under the Gulf into Iranian territory, Qatar is set to raise its output of LNG by 60% or more to 126 million tonnes a year by 2027.
LNG from the expansion is expected to start coming on line in 2026.
Asian countries led by China, Japan and South Korea have been the main market for Qatari gas, but it has also been increasingly sought by European countries since Russia's invasion of Ukraine early last year.
Chairman of France's TotalEnergies, Patrick Pouyanne told reporters the North Field Expansion was a“huge project”, coming as demand for LNG from Europe increases.
“We need more supply. That's clear. Still the market is fragile,” Pouyanne said.“This project is a major one and will give some relief to this market,” he added.
Qatar is one of the world's top LNG producers, alongside the United States, Australia and Russia.
Qatar Energy estimates the North Field holds about 10% of the world's known natural gas reserves.
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©Artur Widak/NurPhoto/AFP
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