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Article: Qatar seeks stability with gas project.
- Article from:
- The Oil Daily
- Article date:
- March 19, 1985
- Author:
CopyrightCOPYRIGHT 1985 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DOHA -- Qatar is forging ahead with plans to exploit its vast natural gas reserves by embarking on a multibillion-dollar project guaranteeing the country's oil-dependent economy immunity against unfavorable market fluctuations.
Qatar has a two-phase plan to develop the offshore North Shore field situated under Persian Gulf waters to the northeast of the country. Official estimates put the field's reserves at 151.8 trillion cubic feet, while recent seismic surveys indicate that the field's reserves are well above the 176.6 tcf mark.
Qatar has the largest single natural gas field in the world, and its reserves, rank fourth among the world's largest. With ...