19 November 2013 11:46 [Source: ICIS news]
DUBAI (ICIS)--Qatar will raise its output of chemicals and petrochemicals to 23m tonnes/year by 2020, a government statement said on Tuesday.
The main contributors to the output increase will be the Al-Karaana and Al-Sejeel projects, as well as a Qatar Fertiliser Co (QAFCO) expansion, which is the world’s largest single-site producer of both ammonia and urea, Qatari energy and industry minister Mohamed bin Saleh al-Sada said.
Al-Sada said Qatar’s liquefied petroleum gas (LPG) production, which stands at 11m tonnes/year, will go up by 500,000 tonnes next year with the commissioning of the Barzan gas project.
“Recently, we have announced a new offshore field discovery in North Field’s Block 4 North, with as much as 2.5trillion cubic feet of natural gas. This is Qatar’s first new discovery in 42 years, coming after four years of intensive exploration activities,” al-Sada said.
Upcoming expansions in the oil and gas sector include the Barzan project in 2014, which will play a significant role in meeting the needs of giant projects, including facilities planned for hosting the football World Cup in 2022.
Some of the energy demand is driven by Qatar’s large-scale expansion of the petrochemicals sector, which supports diversification and growth of the Qatari economy.
The minister said such developments will be important for a region such as the Middle East, where commissioning of several new petrochemical supply projects will substantially increase the amount of LPG that is available to the international markets.
“Future LPG demand in the residential and commercial sectors is growing rapidly. This is evident particularly in emerging economies, such as India and China, underpinned by their strong population growth, improved living standards and sustained high economic growth,” al-Sada said.
“Both China and India are expanding their LNG receiving capacities and gas pipeline networks, paving the way for increased imports over the coming years,” he added.
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