Qatar to account for 40% of all new LNG supplies by 2029: Al-Kuwari

Qatar to account for 40% of all new LNG supplies by 2029: Al-Kuwari

HE the Finance Minister Ali bin Ahmed al-Kuwari said Qatar will account for about 40% of all new LNG supplies by 2029 and noted the country is providing the world with the “cleanest” hydrocarbon source of energy. He was speaking at a panel session at the Doha Forum Sunday.

The minister spoke about the investments Qatar have made in developing its LNG resources, particularly the North Field expansion.

The project includes six mega trains, each with a production capacity of 8mn tons per annum of LNG, four of which are in the North Field East (NFE) expansion project, and two in the North Field South (NFS) expansion project.

This major expansion will add 48mn tons per year to the global LNG supplies.

Stressing the importance of investing in cleaner energy sources, al-Kuwari said Qatar believed natural gas is a “transition fuel” until the net-zero emission targets are reached.

Qatar has firmly supported the role of natural gas as a central component of any energy mix on the road to a realistic energy transition.

He said lack of investments in developing conventional energy sources have already caused a shortfall in supplies around the world.

Al-Kuwari stressed the need for setting realistic goals vis-à-vis climate change. It should be