Qatar to raise yearly LNG production to 100 million tons
Qatar Petroleum (QP) has rolled out its new Corporate Strategy signaling to further boost Qatar’s leading global position by raising its LNG production from 77 million to 100 milllion tonnes per year (mtpa). The new corporate strategy and core values were designed to firmly place QP on the road to realising its vision “to become one of the best national oil and Gas companies, with roots in Qatar and a strong international presence. Qatar's global position as the leading LNG producer will be consolidated by increasing the LNG production from 77 million tons to 100 million tons per year. Saad Sherida Al-Kaabi, QP President & CEO said “The new strategy and values come at a critical time in our expansion, and will ensure that we continue to be a global LNG leader. Therefore, we should all be willing and prepared to embrace and lead change to ensure success.” “We are developing a global business and are also enhancing our competitive position as a global energy player, leaving our positive mark across the world. This would not be possible without the great support and guidance from His Highness Sheikh Tamim bin Hamad Al Thani, the Emir of the State of Qatar,” Al-Kaabi concluded. The strategy is designed to strengthen QP’s technical capability and operating model, maximize upstream value to the State of Qatar, create a large-scale value-adding international portfolio, re-inforce Qatar’s LNG & global gas position, maximise downstream added value, and promote energy efficiency & optimum energy mix in Qatar.