Energy

Home to the world’s largest non-associated natural gas field and significant oil reserves, Qatar is a leading player in the global energy market. It is also at the forefront of the international gas-to-liquids and liquefied natural gas industries, as well as fast becoming a major centre for research and development in hydrocarbons. The industry does face challenges, however. Among these are the steep decline in oil prices that began in 2014; increasing demand for energy from domestic sources as Qatar develops rapidly; and the management of a new wave of investment in existing fields. Nonetheless, with the sector operating on such an epic scale – Qatar’s gas reserves alone could last well into the 22nd century at 2012 levels of production – and the commitment of international and local giants to its continued development, such challenges seem unlikely to alter Qatar’s leading role in the hydrocarbons industry.

This chapter contains interviews with Sheikh Khalid bin Khalifa Al Thani, CEO, Qatargas; and Hamad Rashid Al Mohannadi, CEO, RasGas.