North field is fundamental for Qatar

Nov 08, 1999 01:00 AM

Qatar sees its giant North Field, the world's largest reservoir of natural gas, as a "national strategic objective", Finance and Economy Minister Yussef Hussein Kamal said. "It's a fundamental element for the economic future of Qatar," he said at the opening of an oil conference, quoted by the official news agency QNA.
The offshore North Field contains proven non-associated reserves of more than 10 tcm (350 tcf), making Qatar the third-richest country in gas reserves after Russia and Iran. Qatar with foreign partners has set up two liquefaction plants, RasGas and Qatargas, for gas exports to Japan and South Korea. It also plans to supply gas to India, Oman, Pakistan and the United Arab Emirates.

Source: IINX via Iinoil
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