In a world where the demand for electricity is increasing day after day, the energy extension is becoming increasingly important, for example the magnetic levitation wall. That is why no country is left behind and this time Qatar, who surprises us with a new innovation that aims to say goodbye to oil, but what is it about?
An energy gap project
It is a global impact energy project. The most important contractors would be North Field Expansion (NFE) The Qatargas, Technip Energies y Chiyoda.
To the surprise of many, Qatar gambles everything with this mega project, then They invest more than $ 30 billion To continue in energy transition, but which product will they use?
A product that would replace oil
The answer is it Licuado Natural Gas (LNG)A product whose demand has increased worldwide. Moreover, LNG is a more stable and safe energy source than oil, making it a cleaner and more sustainable option.
With this in Qatar, the aim of increasing the capacity of liquid natural gas (LNG) was proposed by 85%, which would result in A production of 142 million tonnes per year (MTPA) By 2030. A very ambitious goal for which you are already working.
The project will be in the gas field, “North Field”, which is considered one of the largest in the world and represents about 10% of the total natural gas reserves.
This ambitious mega project concerns Four mega-liquefactite trains up to 8 million tonnes per yearWhat translates into 32 MTPA from new LNG production.
Companies connected by an energy transition
The exploitation of this field is expected to enable us to drastically taste the production of LNG and position itself as one of the most important producers in the world.
Moreover, taking into account the global increase in the LNG question, the project is not only important to taste, but for everyone, that is why they have signed similarities with different multinationals.
Qatar hopes to deliver Europe
After 6 months that proposals evaluates, the first company to be announced as a partner, was Total energyThe most important French energy multinational. However, this would not be simple cooperation, but I would hide a cunning strategy.
For his part, Catar is one of the world’s most important gas producers and, together with Australia and the United States, is the most important exporter of LNG. In this context, although the most important buyers are in Asia, it hopes to satisfy a lot of European demand.
To understand the latter, we must analyze the context of Russia’s invasion of Ukraine, which has led the European Union to reduce its dependence on the import of Russian natural gas.
Qatar has a strategy for everything
While the Totalenergies, it was the first multinational announced as a partner, was followed the same month by ExxonMobil Y ConocophillipsAmerican companies, next to EniAn Italian energy multinational.
With these associations, Catar is looking for the participation of different multinationals, with the strategy to avoid dependent on one of them.
A future with clear goals
The most important contractors of the project are moving forward in the activities with the aim of Being able to finish the project for 2027 And mark a milestone in energy history.
With this goal it is expected that the country can quickly reduce its dependence on oil and meet the growing demand for gas on the world market.
In conclusion, with this Catar project it is positioned as a leader in the production of LNG and, just like the futuristic plan of Iceland, this type of innovations emphasize the importance of investing in energy projects for economic growth and sustainable development.