Qatar’s LNG production to expand in coming years – The Peninsula

Qatar’s LNG production to expand in coming years – The Peninsula

Doha: Qatar’s Liquified Natural Gas (LNG) capacity forecasts a vital expansion in the coming years, a report by Fitch Solutions stated.

The country’s condensate production capacity is anticipated to grow gradually in the next four years from its present level as it keeps increasing its LNG productivity. Numerous LNG projects in the region have boosted the production capacity by partnering with QatarEnergy and its partners including Eni, ConocoPhillips, ExxonMobil, Shell, and TotalEnergies, and are developing NFE LNG projects.

The report said “The startup of the Barzan gas project in 2020 added 30,000 barrels per day to Qatar’s production capacity. Qatar is expected to produce approximately 260,000b/d of condensate from North Field East (NFE) and 120,000b/d from North Field South (NFS) LNG projects.” By 2027, condensate exports are expected to overtake Asian condensate splitters significantly expand their capacity and increase their ability to absorb incremental supplies. “Asia remains a strong magnet for condensate supplies from diverse regions, given its extensive condensate processing, refining, and petrochemical industries.

Asia is home to approximately 2 million barrels per day of condensate splitting capacity, with more than 35 percent of capacity located in South Korea, followed by China with 15 percent and Thailand with 14 percent respectively,” it