Qatar's Chemical Industry: Monetizing Natural Gas
Academic Article
Overview
Additional Document Info
View All
Overview
abstract
With one of the world's largest natural gas reserves and a vision to become the "Gas Capital of the World" Qatar is monetizing its wealth of resources through the production of value-added chemicals and energy products. Furthermore the country is pushing to become a primary global energy supplier and a pioneer in the gas processing industry and it is already home to several of the world's largest gas-processing facilities. Located in Ras Laffan the Pearl and Oryx plants are the world's largest gas-to-liquid facilities producing 140000 and 34000 barrel/day respectively. The world's largest single-site NH3 and urea facility in Umm Said produces 3.8 million and 5.6 million metric ton/yr respectively. The recently emerged Qatari companies RasGas and QatarGas have constructed 14 LNG trains with a combined annual production capacity of 79 million metric ton. Qatar's exports of oil-and-gas-derived fuels products lubricants and chemicals account for 98% of the country's total export commodities valued at about $78 billion in 2015.
