Qatar plans to raise its liquefied natural gas (LNG) production to 110 million tonnes per year by 2023, Qatargas’ CEO announced on Sunday.
There are many LNG projects under execution but they still do not meet the rising demands, Reuters reported citing Khalid Bin Khalifa Al Thani as saying at PetroTech International Oil & Gas Conference in Delhi.
Qatargas, the largest LNG producer in the world, operates 14 production trains, with a total annual production capacity of 77 million tonnes.
In 2018, the merger of LNG producers Qatargas and RasGas was announced.
Qatargas has a fleet of 25 purpose-built conventional vessels as well as 31 Q-Flex and 14 Q-Max on long-term charter which can transport 210,000 cubic metres and 266,000 cubic metres of LNG, respectively.