Qatar's Energy Sector
Tons of liquified natural gas produced by Qatar per annum
Largest producer of liquefied natural gas (LNG) in the world
About Qatar's Energy Sector
Qatar is the largest producer of liquified natural gas (LNG) in the world. Qatar produces 77 million tons per year. In 2019, His Excellency Saad Sherida Al Kaabi, Minister of State for Energy Affairs, and Deputy Chairman and President & CEO of Qatar Petroleum, confirmed gas reserves of Qatar’s North Field were 1,760 trillion standard cubic feet, making it the largest natural gas reserve in the world.
In February 2021, QatarEnergy (QE), previously Qatar Petroleum (QP), signed a contract for the North Field Expansion Project. Upon its completion in 2026, phase one will see their LNG production jump from the current output of 77 million tons of LNG per year to 110 million tons per year by 2026, a 43% increase. By 2027, phase two will also be complete and will increase production even further to 126 million tons per year. This will be a 64% increase from the current production.
The North Field Expansion will also include production of 5,000 tons of ethane per day, 260,000 barrels of condensate per day, 12,000 tons of liquified petroleum gas per day, 1,800 tons of sulfur per day, and 20 tons of helium per day.
Established in 2009, the Golden Pass LNG Terminal is a liquified natural gas terminal and regasification facility in Sabine Pass, Texas. QatarEnergy (QE) has a 70% stake in the terminal. With the capacity for 15.6 million metric tons of LNG per year, it is one of the largest liquified natural gas terminals in the world. The Golden Pass Terminal is located at one of the only deep-water ports in the U.S. Gulf Coast.
In 2018, QE, previously QP invested $18 billion into the US energy sector: $10 billion went to the Golden Pass Terminal, while $8 billion went to a petrochemical plant on the coast of Texas.
The US also has several major oil and gas companies and engineering companies involved in Qatar’s LNG sectors. Some of these include Chevron, ConocoPhillips Chemical Company, Exxon Mobil and Zachry Group.
In 2018, petrochemical products exports from Qatar totaled for approximately $72,491,897,830; This is 86% of the country’s exports. As for imports, the United States is Qatar’s largest partner. Qatar imported $6,156,825,048 from the US in 2018, which is nearly double that of Qatar’s next largest import partner.