Energy giant Qatar Petroleum is to launch a new project in the world's biggest gas field, boosting its output by up to 10%, AFP reported Monday (April 3rd).
The state-owned firm's chief Saad al-Kaabi said it was ending a 12-year moratorium on new projects in the North Field, off the Gulf state's northern coast.
"Qatar Petroleum's technical studies and assessment of the North Field have confirmed the potential for developing a new gas project," he said.
The project will produce around 57 million cubic metres of gas per day for export, boosting Qatar's output by about 400,000 barrels of oil equivalent per day, he said.
Al-Kaabi told journalists in Doha that the project would strengthen Qatar's position as a major player in the global gas industry.
