One of the biggest trade shows in the LNG industry will soon be coming to Qatar, the largest LNG exporter in the world.
Qatar will be hosting World Energy Qatar in March 2020, attracting strategy influencers and policy decision-makers from fellow importing and exporting countries.
Qatar is the largest LNG (short for liquefied natural gas) exporter in the world, so it is no surprise that one of the most successful trade shows will be hosted here.
Over the course of the three-day event, more than 150 international companies will be represented, alongside a two-day commercial conference attended by government officials and industry leaders. This will be an ideal platform for business and investment opportunities in this increasingly growing sector.
Visitors will also be able to discuss the future direction of the LNG market with senior executives and industry experts. Held at the impressive Qatar National Convention Centre in Education City, the 7,000 sq m exhibition hall will have more than 150 trade stands, international pavilions, E&P companies, Qatari business partners, shipping and supply chain companies, and much more.
Local LNG stakeholders will be on hand to explain Qatar’s LNG operations and provide details about their plans for future expansion. With the increasing popularity of LNG, key international specialists will be holding discussions and workshops, with information on how to exploit key markets such as Asia, providing data on buying trends, and predicting the long-term outlook. There will also be an opportunity to take a technical tour of an LNG installation.
Qatar is the world’s largest exporter of LNG, and has the third largest reserves, after Russia and Iran. Most of the country’s natural gas is in the gigantic offshore North Field, the world’s largest non-associated natural gas field. North Field is located on the northeast coast and covers more than 6,000 sq km – about half the size of Qatar – with 900 trillion standard cubic feet of recoverable reserves.
Qatar Petroleum (QP), the national oil company, is responsible for overseeing operations at North Field. The ongoing Barzan Gas Project will develop around 1.9 bn cfpd of wellhead gas, and 1.4 bn cfpd of sales gas for the domestic market, as well as condensate methane, LPG and sulphur.
In July 2017 QP announced its intention to raise Qatar’s LNG production from 77 million to 100 million tons per annum by 2024. This would be achieved by doubling the size of the new gas project in the southern sector of the North Field, which QP had announced just a few months previously. This will increase the North Field’s production of natural gas, condensate and other associated products by one million barrels of oil equivalent per day.
Qatargas, the world’s largest LNG company, will be executing the project on behalf of QP. The company develops, produces, and markets hydrocarbons from North Field, operating 14 trains with a total annual production capacity of 77 million tonnes. LNG from Qatargas is supplied to customers all over the world.
To date, QP has awarded a number of contracts relating to the expansion project, including the basic design for three 7.8 million tons per annum mega-trains, a tender for the construction of at least 60 LNG carriers, and eight offshore jackup drilling rigs.
World Energy Qatar will take place 29 – 31 March 2020. For more details visit worldenergyqatar.com.
Author: Sarah Palmer
This feature is an editorial from the ‘Oil, Gas and Petrochemicals’ section in the latest issue of Marhaba – Issue 76 (December 2019).
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