Barzan Gas boosts Qatar’s utilities and industrial facilities

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Qatar’s utilities and industries will get a boost as the Barzan gas-fired power plant will meet the energy needs of local power generation and water desalination facilities.
His Highness the Amir Sheikh Tamim bin Hamad al-Thani inaugurated the Barzan gas plant in the industrial city of Ras Laffan on March 15.
The Barzan gas plant, which is operated by Qatargas on behalf of its shareholders – QatarEnergy (93%) and ExxonMobil (7%), is capable of producing nearly 1.4 billion standard cubic feet of sales gas per day, processing natural gas from the Nord Field, which is the largest non-associated natural gas field in the world.
It will also produce associated hydrocarbons intended to supply local refining and petrochemical industries as well as for export to international markets.
This includes 2,000 tonnes of ethane per day as feedstock for the local petrochemical industry; 1,500 tonnes per day of liquefied petroleum gas (LPG) for export to international markets; 30,000 barrels of condensate per day for treatment at the Laffan Refinery and export to international markets; and 3,500 tons of sulfur per day for export to international markets.
Qatar has experienced rapid economic development over the years and is among the best performing economies in the entire Middle East and North Africa (MENA) region.
The International Monetary Fund (IMF) expects the North Field LNG expansion project to support growth prospects and further strengthen fiscal and external positions over the medium term.
The IMF report pointed out that the economic recovery in Qatar is gaining strength thanks to the rebound in domestic demand, rising hydrocarbon prices and preparations for the 2022 FIFA World Cup.
The banking sector remains well capitalized and liquid, with non-performing loans (NPLs) at relatively low levels.
The IMF noted that Qatar has made commendable progress in advancing structural reforms during the pandemic.
Various reforms introduced by Qatar will boost foreign and private investment and improve productivity and competitiveness, the IMF said, noting that the recently launched National Environment and Climate Change Strategy envisages a 25% reduction in trend emissions of greenhouse gases by 2030.
The strong reform momentum should continue to improve productivity and inclusion, further improve the business environment and attract private investment, and embrace new global trends, such as digitalization and green growth.
Qatar’s economy is expected to grow 4.8% this year and 4.9% in 2023, the World Bank said in its latest forecast.
Qatar’s GDP growth next year will be the best in the GCC, according to forecasts.
HE Minister of State for Energy Affairs Saad bin Sherida al-Kaabi said: “With the various products from the Barzan plant, we have achieved our important goal of optimally exploiting our northern field resources and providing the energy needed to produce electricity. and water desalination, in addition to major development projects in the country, including facilities to host the 2022 FIFA World Cup and other strategic projects.
Clearly, Barzan is one of the most important energy projects in Qatar, which adds high and qualitative value in the effort to meet our national natural gas needs and to support the overall development and economic growth of the Qatar.

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