Qatar set to reach world`s largest LNG capacity: Minister

Qatar is set to reach a liquefied natural gas production target of 77 million tonnes per annum.

Last Updated: Sep 29, 2010, 13:13 PM IST

Dubai: Qatar is set to reach a liquefied
natural gas (LNG) production target of 77 million tonnes per
annum, the world`s largest LNG capacity, the country`s energy
minister has said.

Mohammed bin Saleh Al Sada, the Minister of State for
Energy and Industry Affairs, said preparations are underway to
celebrate the country reaching the target.

As a global leader in LNG industry, Qatar plays an
essential role in delivering energy to regional markets as
well as those in North and South America, Asia and Europe, he
said while addressing the International Conference of the
Association of International Petroleum Negotiators (AIPN) in
Doha yesterday.

Despite the instability of the global economy
particularly since 2008, Qatar remained focused on achieving
long-term strategic targets and objectives, Al-Sada added.

"We have done so, confident in the knowledge that the
success of investments in the energy industry is measured over
decades, not months, and that the global economy will rebound,
restoring the underlying fundamentals upon which Qatar`s
investment strategies were based," the minister said.

He also said many of Qatar`s oil and petrochemical
projects are under implementation and on target.

PTI