Qatar to boost gas output regardless of Gulf diplomatic row

Qatar to increase natural gas production by 33

Qatar to increase natural gas production by 33

He added: "After further assessment, we have decided that the best way to develop this huge project is by dedicating it to the production and export of liquefied natural gas, thereby increasing the production capacity of the State of Qatar from 77 million tons to 100 million tons per year, which means a 30% production increase".

The timing of the announcement suggests that OPEC member Qatar, the world's largest producer of liquefied natural gas, aims to project an image of business-as-usual economic strength as it weathers the crisis.

The energy-rich emirate of Qatar confirmed Tuesday it meant to raise natural gas production to 100 million tons a year by 2024, as it seeks to portray an image of business as usual despite a bitter spat with its Arab neighbors.

"The new additional volumes will be secured by doubling the size of the new gas project in the southern sector of the North Field, which Qatar Petroleum had announced last April", a statement by the company said.

The energy-rich nation has been isolated in the Gulf after United Arab Emirates (UAE), Yemen and Egypt announced last month that they have joined Bahrain and Saudi Arabia in withdrawing their diplomatic staff from Qatar.

Qatar rejected a 13-point list forwarded by Saudi Arabia and its allies for the blockade to be lifted as unrealistic.

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

"Regarding the. possibility of embargo countries asking some of the global companies or contractors not to work with us, we absolutely do not have any issue with that".

"We know what they [the Iranians] are doing and they know what we are doing", he said.

"The companies that choose not to work with us - that's fine, that's their choice".

The development will increase the North Field's production of natural gas, condensate and other associated products by 1 million barrels per day.

The company has not yet set deadlines to reach the production target of 100 million tons per year, a step that will depend, according to al-Kaabi, on the agreements signed by the company with its future partners.

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