Qatar Petroleum recently announced that it will increase its LNG production capacity to 126 million tonnes with six new mega-trains. And the gas resources at North Field have been upgraded to 1,760 tcf – essentially doubling the size of what was already the world’s largest gas field. In this episode, we discuss this news.
In April 2017, Qatar announced the lifting of the moratorium on new North Field developments, which had been in place since 2005. Initially a 2 bcfd project was proposed, but this was later replaced with a 4.5 bcfd upstream development in 2018. The production increase resulted in the project being expanded to include four new 8 mmtpa trains, allowing Qatar to increase its LNG export capacity from 77 to 110 mmtpa. The Final investment decision (FID) on the project was taken in February 2021
Is upstream oil & gas delivering on decarbonisation?
Upstream scope 1 & 2 emissions intensity has been cut by 12% since 2017. But despite the progress on flaring and methane, absolute emissions are flatlining and net-zero is a distant prospect. This report leverages Wood Mackenzie’s unique granular asset-level emissions dataset to track decarbonisation progress to date and highlight the regions and companies that are outperforming.
The Qatargas 1 project in Qatar is a 3-train LNG development operated by Qatargas on behalf of its shareholders - Qatar Petroleum, ExxonMobil, Total, Marubeni and Mitsui. The Qatargas 1 commercial overview outlines the project development and commercial structure. It explores the key issues facing the project, details the contracts and contains plant and field location maps and an FOB breakeven analysis. Please see the Qatargas 1 report for details of upstream assets that feed into the project.
The 32 mmtpa North Field East (NFE) LNG development is the single largest LNG project to be sanctioned in history. At full production, the development will increase Qatar's LNG export capacity by 43% to 110 mmtpa in the second half of this decade. QatarEnergy (QE) took the final investment decision (FID) in February 2021 with the award of the US$13 billion engineering, procurement, and construction (EPC) contract for the four liquefaction trains to a Chiyoda and Technip Energies ...