Qatar’s LPG exports will rise by almost 5% next year, Oil Minister Muhammad al-Sada says. Addressing the 8th LPG Trade Summit in Doha on 18 November, he said: “Qatar is one of the world’s largest LPG exporters, with almost 11mn tons/year. An additional 500,000 t/y of LPG is expected to be added once the Barzan gas project is commissioned in 2014.” Dr Sada told the conference that LPG demand is rising rapidly, particularly in the residential and commercial sector: “This is particularly evident in emerging economies such as India and China, underpinned by their strong population growth, improved living standards and sustained high economic growth. Both China and India are expanding their LNG receiving capacities and gas pipeline networks, paving the way for increased exports over the coming years.”
Qatar’s state-owned RasGas this summer completed offshore drilling for 30 development wells in Barzan, the last North Field development permitted within the moratorium on new projects (MEES, 30 August). Barzan is expected to have reached full output capacity of 1.4bn cfd of gas and 100,000 b/d of condensate by the end of 2015. This will raise Qatar’s condensate production to 800,000 b/d and make it the world’s largest condensate exporter. Qatar is already the world’s largest LNG producer and exporter, with 77mn t/y of capacity, and produces 730,000 b/d of crude oil. (CONTINUED - 288 WORDS)
