QNB, GORD sign MoU to advance sustainable finance solutions in Qatar

Doha, Qatar - Qatar's massive North Field gas expansion remains fully operational and is set to significantly boost Middle Eastern gas supplies through 2030, according to a report by Fitch Solutions. The country's world-scale gas projects, alongside regional initiatives, are positioning the Middle East and North Africa to dramatically increase its overall liquefaction capacity over the next few years.

Fitch Solutions highlights that the $28.8bn North Field East project will increase capacity to 110mtpa, while the North Field South expansion adds 126 mtpa, bringing total capacity to 236 mtpa. The pre-investment North Field West phase, with two 8 mtpa carbon-capture trains, is also progressing, with construction contracts awarded to major companies.

Gas production is expected to rebound 42.7% in 2027, reaching 158.8 bcm, and continue growing through 2029 to 233.6 bcm. LNG net exports are forecast to rise from 96 bcm in 2027 to 158.5 bcm by 2029, peaking at 169 bcm from 2030 as both phases reach full capacity.

Investments in advanced gas extraction technologies and carbon capture initiatives will further strengthen Qatar's position as a global energy leader, supporting economic diversification and emission reduction efforts. As global demand for cleaner energy rises, Qatar's enhanced capacity and reliable supply are expected to attract significant long-term contracts, solidifying its role in shaping the future of liquefied natural gas production and supply regionally and globally.