Gulf diplomatic crisis: Qatar plans to boost gas production by 30%

Doha, Qatar: Energy-rich Qatar said on Tuesday it plans to increase natural gas production by 30 percent over the next several years, as it faces pressure from its neighbours in a diplomatic crisis.

Representational Image. Reuters

Representational Image. Reuters

Saad Sherida Al-Kaabi, the head of Qatar Petroleum, told a press conference that the emirate intends to raise production to 100 million tonnes of natural gas a year by 2024.

"This new project will strengthen Qatar's leading position," Kaabi told reporters.

"We will remain the leader of LNG for a very long time."

Qatar is the world's biggest producer of Liquefied Natural Gas (LNG).

Qatar's current production is up to 77 million tonnes per year. The expansion will increase output levels up to the equivalent of six million barrels of oil per day, Kaabi said.

The announcement comes as the Gulf faces its worst diplomatic crisis in years after Saudi Arabia and its allies imposed a sweeping embargo on Qatar last month.

Its timing is likely to be seen as as much political as economic.

On Monday, Qatar gave its response to a 13-point list of demands its neighbours made for lifting their sanctions.

Kaabi said Qatar wanted the production increase to be carried out through a joint venture with international companies.

But he added that the emirate would still go ahead with it even if Saudi Arabia and its allies made good on their threat to sanction any international firm working with Qatar if it failed to meet their demands.

"If there are no companies willing to work with us, we will do the 100 million tonnes," he said.


Updated Date: Jul 04, 2017 15:29 PM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See