News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
30
o
Mount Lebanon
31
o
Metn
30
o
Keserwan
30
o
North
32
o
South
33
o
Bekaa
24
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Nharkom Said
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
30
o
Mount Lebanon
31
o
Metn
30
o
Keserwan
30
o
North
32
o
South
33
o
Bekaa
24
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Documentaries
Lebanon’s Centennial
News Bulletin
The Untold History
Talk Show
Series
Sports
Variety
Other
Comedy
Oldies
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
Qatar's North Field: Unveiling the world's largest natural gas reserves
News Bulletin Reports
2023-06-01 | 10:59
High views
Share
Share
3
min
Qatar's North Field: Unveiling the world's largest natural gas reserves
A recent development has brought attention to the vast natural gas reserves in the North Field, located off the coast of Qatar, which is now recognized as the largest natural gas field in the world, accounting for 10% of global reserves.
The field extends beneath the waters of the Gulf, reaching into Iranian territory, where Iran also holds a share in its resources.
Qatar, already the world's largest exporter of liquefied natural gas (LNG) alongside the United States and Australia, is currently working on expanding production in the North Field. The aim is to increase annual production from the current 77 million tons to 126 million tons by 2027.
However, Qatari Energy Minister Saad bin Sherida Al-Kaabi expressed the significance of the growing demand, stating that the combined production of the North Field's eastern and southern sections may be exhausted by the end of the year due to long-term agreements.
Which prominent markets will benefit the most from this increased production?
Qatar signs an agreement with Bangladesh to supply gas for 15 years. Asian countries, particularly China, Japan, and South Korea, form the primary market for Qatari gas, and these nations rely heavily on Qatari gas imports.
On the other hand, European countries, seeking alternatives to Russian energy sources, have increasingly turned to the Qatari market, albeit still accounting for a small portion, representing only 13% of Qatari LNG imports.
Nonetheless, Qatar's preference for long-term contracts poses a challenge for Europe, as it conflicts with their future plans to transition to cleaner energy sources.
Minister Al-Kaabi emphasized the relatively mild winter season, which spared Europe from more significant difficulties in recent months. He warned that if Europeans do not adopt appropriate plans and cease demonizing oil and gas companies, they will have to face the reality of the situation.
Interestingly, while Gulf countries promote clean energy to solve climate change, they also emphasize the importance of continued investment in gas and oil to meet global demand.
News Bulletin Reports
Qatar
North Field
Unveiling
Largest
Natural
Gas
Reserves
Next
The Iranian Response: Awaiting Retaliation Amidst Escalating Tensions
Recommended For You
d-none hideMe
0
News Bulletin Reports
12:30
Investigation insights: Here are the key suspects involved in Pascal Sleiman's case
News Bulletin Reports
12:30
Investigation insights: Here are the key suspects involved in Pascal Sleiman's case
0
News Bulletin Reports
12:30
Securing Lebanon: Opposition Summit Calls for Government Action on International Resolutions
News Bulletin Reports
12:30
Securing Lebanon: Opposition Summit Calls for Government Action on International Resolutions
0
News Bulletin Reports
12:27
Border Escalation: Rockets, Drones, and Political Turmoil
News Bulletin Reports
12:27
Border Escalation: Rockets, Drones, and Political Turmoil
0
News Bulletin Reports
12:25
Lebanon's Dilemma: Addressing the Syrian Refugee Crisis with National Security Concerns
News Bulletin Reports
12:25
Lebanon's Dilemma: Addressing the Syrian Refugee Crisis with National Security Concerns
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
12:57
US Asst. Sec. Barbara Leaf highlights acute escalation risks and prospects for de-escalation in Lebanon-Israel conflict
Lebanon News
12:57
US Asst. Sec. Barbara Leaf highlights acute escalation risks and prospects for de-escalation in Lebanon-Israel conflict
0
Middle East News
2023-12-29
Four individuals executed in Iran on charges of collaboration with Israel
Middle East News
2023-12-29
Four individuals executed in Iran on charges of collaboration with Israel
0
Israel-Gaza War Updates
2024-04-10
Israeli strike kills Ismail Haniyeh's sons in Gaza: Reuters
Israel-Gaza War Updates
2024-04-10
Israeli strike kills Ismail Haniyeh's sons in Gaza: Reuters
0
Israel-Gaza War Updates
00:30
Israeli army awaits 'green light' from Netanyahu to invade Rafah
Israel-Gaza War Updates
00:30
Israeli army awaits 'green light' from Netanyahu to invade Rafah
Videos
d-none hideMe
0
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
0
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
0
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
0
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
0
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
0
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
0
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
09:38
Military operation underway in South Lebanon, claims Israeli Defense Minister
Lebanon News
09:38
Military operation underway in South Lebanon, claims Israeli Defense Minister
2
Lebanon News
09:28
Israeli Defense Minister claims: Half of Hezbollah's leaders in southern Lebanon killed
Lebanon News
09:28
Israeli Defense Minister claims: Half of Hezbollah's leaders in southern Lebanon killed
3
Lebanon News
08:59
Israeli army strikes 40 Hezbollah targets in southern Lebanon
Lebanon News
08:59
Israeli army strikes 40 Hezbollah targets in southern Lebanon
4
Lebanon News
03:39
MEA cancels flight amidst strike at Paris CDG airport
Lebanon News
03:39
MEA cancels flight amidst strike at Paris CDG airport
5
News Bulletin Reports
12:30
Investigation insights: Here are the key suspects involved in Pascal Sleiman's case
News Bulletin Reports
12:30
Investigation insights: Here are the key suspects involved in Pascal Sleiman's case
6
Lebanon News
12:57
US Asst. Sec. Barbara Leaf highlights acute escalation risks and prospects for de-escalation in Lebanon-Israel conflict
Lebanon News
12:57
US Asst. Sec. Barbara Leaf highlights acute escalation risks and prospects for de-escalation in Lebanon-Israel conflict
7
Lebanon News
06:24
Middle East Airlines to resume Paris flight despite strike
Lebanon News
06:24
Middle East Airlines to resume Paris flight despite strike
8
Israel-Gaza War Updates
00:30
Israeli army awaits 'green light' from Netanyahu to invade Rafah
Israel-Gaza War Updates
00:30
Israeli army awaits 'green light' from Netanyahu to invade Rafah
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More