english issue
Qatar plans to
increase liquefied
natural gas (LNG)
production
capacity by 30%
by 2024
Dupont sponsors the
Global Food Security
The United Nations’ (UN) 2017
High-level Political Forum on
sustainable development meets
this week and next in New York
to review the progress towards
meeting the 17 Sustainable
Development Goals (SDGs). The
over-arching objective of the SDGs
is for countries to collaborate
with businesses, NGOs, and other
stakeholders to improve the lives
of people around the world and
the sustainability of our planet by
2030.
T he SDGs uniquely recognize that
ending poverty must be supported
with strategies that build economic
growth and addresses a range
of social needs, including food
security, education, health, social
protection, and job opportunities,
while tackling climate change and
protecting the environment.
While individual countries have the
primary responsibility for follow-up
and assessing progress made in
implementing the goals, alternative
metrics and data sets can be
useful for assessing progress
towards the SDGs and can provide
a deeper understanding into the
inputs and drivers of each of the
goals. The Global Food Security
Index (GFSI), developed by The
Economist Intelligence Unit (EIU)
and sponsored by DuPont, can
provide insight into progress
across many of the SDGs. The
GFSI measures the availability,
affordability, and the quality and
safety of food systems in 113
counties, using 18 different factors
such as agriculture import tariffs,
production volatility, and public
expenditure on agricultural R&D.
The GFSI is updated each year and
users can identify each of the 113
countries’ current strengths and
weaknesses and see how a country
is improving its food security.
On July 4, 2017, Qatar Petroleum
(QP) announced plans to
effectively end the moratorium
on all new production projects
that QP has had in place since
2005. In the announcement, QP
signaled its intention to increase
natural gas production from its
North Field by 20% (1 million
barrels of oil equivalent per day)
over the next five to seven years.
The additional volumes will come
from new projects in the southern
sector of the North Field. The
extra natural gas production will
be dedicated to the production and
export of LNG and will involve
a 30% increase in liquefaction
capacity, from 10 billion cubic feet
per day (Bcf/d) to 13 Bcf/d.
Qatar’s lifting of the moratorium
on new production from the North
Field comes at a time when Iran’s
national oil company – National
Iranian Oil Co. – continues
development of its South Pars
natural gas project. The North
Field extends across Qatar’s
maritime border with Iran, which
calls its side of the field South
Pars. As of 2015, proved natural
gas reserves held in the North
Field and the South Pars were
estimated to total 872 trillion
cubic feet (Tcf) and 480 Tcf,
respectively. During 2016, Iran
produced 19.5 Bcf/d of natural
gas. By March 2018, Iran plans to
increase natural gas production
from its South Pars field by
5.3 Bcf/d day, bringing the total
production to 24.8 Bcf/d.
O I L & G A S b u si n e ss / NU M É R O 2 7 / j u i l l e t - a o û t 2 0 1 7 / 5 7