Qatar Petroleum aims to increase its liquified natural gas (LNG) output by almost a third, ShipInsight reported.
The new strategy will see the company’s output rise from 77 million tons to 100 million tons per year – a 29.87% increase.
The announcement was made during a three-day event, held at Qatar Petroleum’s headquarters and attended by several senior executives and managers, according to Xinhua Net.
“We are developing a global business and also enhancing our competitive position as a global energy player, leaving our positive mark across the world. This would not be possible without the great support and guidance from His Highness Sheikh Tamim bin Hamad Al Thani, the Emir of the State of Qatar,” said Saad Sherida Al-Kaabi, President and CEO of Qatar Petroleum.
The plan comes at a critical time as Qatar Petroleum is working hard to maintain its position as a global LNG leader, Al-Kaabi pointed out.
Al-Kaabi asked the crowd to “be willing and prepared to embrace and lead change to ensure success.