Qatar significantly expanding LNG production capacity

DOHA: Qatar is significantly expanding its volume of Liquefied Natural Gas (LNG) production capacity which is an important achievement towards ensurin...

DOHA: Qatar is significantly expanding its volume of Liquefied Natural Gas (LNG) production capacity which is an important achievement towards ensuring more gas supplies to meet the increasing global demand.

In a webinar held yesterday entitled ‘Mena Oil & Gas Projects Market 2025-26’ hosted by MEED, Middle East and Africa’s leading source of business intelligence discussed Mena oil, gas and petrochemicals projects market and description of the main megaprojects, including project programmes. It delivered analysis of active contracts and spending to date, analysis of top contracts by work already awarded, long-term capital expenditure outlays and forecasts.

It also highlighted key contracts to be tendered and awarded over the next 18 months, top contractors and clients and the breakdown of spending by segment, i.e. oil, gas, petrochemicals – upstream, downstream, onshore and offshore.

During the virtual event a presentation was shared about the contract awards in the Mena oil, gas and chemical projects market.

The region saw a record capex in the last two years, as operators accelerated critical projects following the pandemic. It noted that as the largest economy and biggest oil producer, Saudi Arabia has dominated spending. The UAE and Qatar are the second and third largest spenders, respectively.