Qatar has announced an ambitious plan to significantly increase its production of liquefied natural gas (LNG) and**, a move seen as strengthening its position in the global energy market while also preparing for changing international energy demand. Despite the recent overtaking of Qatar by the United States as the world's largest LNG exporter, Qatar has not reduced its investment in the sector, but plans to further expand its natural gas production capacity.
Speaking at a press conference in Doha, Qatar's energy minister, Saad Sherida Al-Kaabi, announced the "North Field West" project, an iconic development that is expected to significantly increase the country's gas production capacity. According to reports, Qatar's gas production capacity will increase to 1. per year by 20302.4 billion tonnes, 85% above current levels and 12% above the previously set target. The plan was made possible by a geological and engineering study at the North Field, which confirmed that the deposit was extended farther than previously anticipated, thus opening up the possibility of a new production program.
The decision was made against the backdrop of natural gas ** near record lows. Minister Kirby said that despite the current downturn, he believes that the gas market in Asia will continue to grow and Europe will continue to need natural gas. He stressed that natural gas will still have a bright future for at least the next 50 years, showing Qatar's confidence in the long-term investment and development of its natural gas industry.
However, this strategic move by Qatar is not only to meet the growing global energy demand, but also to consolidate its position as the world's leading natural gas country. Against the backdrop of the international energy ** chain facing a reduction in Russia and the Gulf region**, Qatar's plan to increase production is particularly important for European countries as Europe seeks to diversify its energy sources *** to reduce its dependence on Russian gas.
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