Arabic AR Chinese (Simplified) ZH-CN English EN French FR German DE Japanese JA Portuguese PT Russian RU Spanish ES Ukrainian UK

Qatar to boost gas output regardless of Gulf diplomatic row

Latest news

    View the original article:

    The world’s largest liquefied natural gas (LNG) exporter Qatar plans to increase production by 30 percent over the next few years despite the country’s diplomatic spat with the Gulf Arab nations, said the CEO of Qatar Petroleum Saad Sherida al-Kaabi.

    Read more

    Qatar rejects Arab states’ ultimatum, says it is ready for negotiations

    He told reporters Qatar intends to raise production to 100 million tons of natural gas a year by 2024.

    “Last April, we announced our intention to develop a new gas project in the southern sector of the North Field that can be targeted for export,” al-Kaabi said, adding that once completed within 5-7 years, the project “will raise the production of Qatar to about six million barrels of oil equivalent per day.”

    “We will remain the leader of LNG for a very long time,” said al-Kaabi.

    His statements come as Qatar faces political and diplomatic isolation by a Saudi-led bloc of Arab countries. They broke off diplomatic and trade relations with Qatar last month over alleged support of terrorist groups, a charge denied by Doha.

    Qatar’s current LNG production is around 77 million tons per year and the expansion will increase output levels to the equivalent of six million barrels of oil per day, according to al-Kaabi.

    The CEO of the state-run company said it won’t cut gas supplies to any country, adding that sanctions imposed by the four Arab countries had no impact on the firm’s operations.

    “If some companies do not want to cooperate with us, it’s up to them; we will find other partners,” he concluded.

    According to al-Kaabi, Qatar does not currently have plans to stop exporting gas to the UAE via the undersea Dolphin Energy pipeline. He, however, did not rule out such a possibility if the crisis continued.

    On Saturday, Qatar rejected an ultimatum from the bloc to close down a Turkish military base and shut the Doha-based satellite channel Al Jazeera, saying the “list of demands was made to be rejected.” It added that was ready for dialog under “the proper conditions.”

    Saudi Arabia and its allies have given the country a deadline of Monday to meet the ultimatum but agreed to allow an additional 48 hours for the diplomatic process to continue.

    The UAE Foreign Minister Sheikh Abdullah bin Zayed al-Nahayan said on Tuesday the Arab countries were still awaiting Doha’s response to their demands via mediator Kuwait.

    “I think it is premature to talk about extra sanctions … this depends on what we will hear from our brothers in Kuwait,” he said.

    In the same category are

    BBC blasted by police for ‘Inappropriate’ Manchester bombing documentary Greater Manchester Police Chief Constable Ian Hopkins penned a letter to the BBC after it aired a documentary on the Manchester Arena attack, accusing...
    ‘You sign off on genocide’: Protesters attack Haley over Palestine (VIDEO) US Ambassador to the UN Nikki Haley received the wrong kind of welcome at the University of Houston when she was met with chants accusing her of havin...
    Suicide blast kills at least 4, injures 15 in Baghdad Published time: 24 May, 2018 00:06Edited time: 24 May, 2018 00:46 FILE PHOTO: Police in Tahrir Square, central Baghdad, Iraq © Thaier Al-Sudani / R...
    US-led strike hits government targets in Syria – state media Published time: 24 May, 2018 00:09Edited time: 24 May, 2018 00:36 US-led coalition warplanes have bombed several Syrian army positions in the eastern ...
    Trump meets with families of MS-13 victims as media look the other way President Donald Trump pushed for tougher immigration laws in a meeting with family members of MS-13 victims, calling the gang members ‘animals’ again...
    Italy’s president approves Euroskeptic coalition’s proposed PM candidate Conte Law professor and lawyer Giuseppe Conte, proposed by the anti-establishment Five Star Movement (M5S) and its right-wing coalition ally Lega Nord for t...

    Leave a comment

    Your email address will not be published. Required fields are marked *