The energy-rich Gulf nation of Qatar says it plans to boost production from a vast underwater natural gas field by 10 percent. State-run Qatar Petroleum said the increase would give the 2022 World Cup host capacity to export some 2 billion cubic feet of gas per day from the North Field. Qatar is a small but wealthy member of OPEC that generates most of its income from natural gas rather than crude oil. It exports the gas by chilling it to a liquefied form that can be shipped on tankers to customers around the world. It shares control of the North Field with Iran. which lies on the other side of the Persian Gulf.-AP
Tags Asia Bloomberg News Agency Export Gas Field International International Companies International News Agency International Organizations Middle East Natural Gas Organization of the Petroleum Exporting Countries (OPEC) Persian Gulf Persian Gulf Countries Production Qatar Qatar Petroleum
Check Also
Saudi Aramco Seeks Investment Opportunities in New Energies Abroad
Saudi Aramco is currently eyeing potential investments in new energies outside Saudi Arabia, the state …