LNG producer Qatargas, a unit of QatarEnergy, has changed its name to QatarEnergy LNG.
Established in 1984, Qatargas currently operates 14 LNG production trains with a capacity of about 77 Mtpa in Ras Laffan.
However, state-owned QatarEnergy is significantly increasing LNG production from the North Field.
This first phase of the expansion project will increase Qatar’s LNG production capacity from 77 to 110 Mtpa, while the second phase will further boost capacity to total 126 Mtpa.
QatarEnergy, previously known as Qatar Petroleum, changed its name in October 2021 to reflect its role as an active global partner in the energy transition.
Qatar’s energy minister and chief executive of QatarEnergy, Saad Sherida Al-Kaabi, said in a statement on Thursday that this new transformation is part of a “historic evolution” that is reshaping Qatar’s energy industry, particularly through the flagship LNG sector.
Over the course of 39 years, Qatargas has been a pioneer of the LNG industry helping place Qatar firmly on the global LNG map, he said.
““While we recognize the tremendous value that the Qatargas brand has accumulated over time, we believe that this evolution will further strengthen Qatar’s global position by creating and leveraging a stronger salient link to the QatarEnergy brand to deliver even more value to the State of Qatar, its customers and the broader stakeholders’ ecosystem,” Al-Kaabi said.
“In this context, we are reaffirming our belief in the future of LNG as a primary source of energy for decades to come and placing greater emphasis on the central position LNG occupies in our strategic priorities, development efforts, and energy investments,” he said.