Qatar registers two-fold jump in gas sector contracts reaching $12.3bn in 2025

Doha, Qatar: Qatar saw a significant surge in contracts in the gas sector on yearly basis reaching $12.3bn in last year showing a two fold jump compar...

Doha, Qatar: Qatar saw a significant surge in contracts in the gas sector on yearly basis reaching $12.3bn in last year showing a two-fold jump compared to 2024.

The total value of contracts awarded in Qatar registered a moderate year on year (y-o-y) increase of 4%, attaining $23.1bn in 2025 against $22.2bn in 2024, as per data from MEED Projects, according to a report by Kamco Invest. This expansion in contract awards was principally driven by a substantial surge in the value of projects within Qatar’s gas sector, which recorded a two-fold increase to reach $12.3bn in 2025, up from $6bn in 2024

The gas sector constituted 53.2% of the total contracts awarded in the country during the year. One of the significant gas contracts awarded in Qatar during 2025, particularly in the fourth quarter, was the $4bn EPCI (engineering, procurement, construction and installation) contract for the second phase of the North Field Production Sustainability (NFPS) project by QatarEnergy LNG.

This contract was awarded to a consortium of contractors comprising Saipem (the Italian contractor) and China Offshore Oil Engineering.

Conversely, Qatar’s oil sector, conventionally the largest in terms of project value, experienced a 6.4% y-o-y decline, receding to$6bn in 2025 from $6.5bn in 2024. Meanwhile the power sector received the third-highest value of contract awards in Qatar during 2025.