Qatar delays gas projects

Qatar has delayed for up to three years a swathe of foreign-financed natural gas projects in its giant North Field.

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By  J Shankar Published  May 26, 2005

Qatar has delayed for up to three years a multibillion-dollar swathe of foreign-financed natural gas projects in its giant North Field. The move, announced by the country’s oil minister, Abdullah Al Attiyah, will affect proposed gas-to-liquids (GTL) projects with US oil firms Marathon and ConocoPhillips. Although there is no reason at this stage to believe that the projects have been cancelled outright, Al Attiyah said they would remain on hold until “the market is more stable.” He added that Qatar also wants to ensure that the development of its gas resources occurs at a sustainable rate. The country is seeking to capitalise on its gas reserves through liquefied gas plants and gas-to-liquid plants. Qatar wants to maintain peak production levels once output targets are hit in 2010 or 2011. Currently, Al-Attiyah said that Qatar’s gas output is expected to rise to 25 billion cubic feet a day by 2020.

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