Qatar Petrochemicals Industry - Gas Field Moratorium
Restricting New Projects
Reference Code: GDCH0034VPT Publication Date: January 2012
1 Table of Contents
1 Table of Contents.................................................................1
1.1 List of Tables .................................................................1
1.2 List of Figures ................................................................1
2 Summary .............................................................................2
3 New Petrochemical Projects are Struggling to Secure
Natural Gas Supply Contracts from the Petroleum Industry 2
3.1 Gas Production from North Dome Gas Reserve has
increased Substantially with the Increase in Exports in
the Last Decade ............................................................2
3.2 Qatar has Imposed a Moratorium on the Development
of the North Dome Gas Field to Slow the Depletion of
Natural Gas Reservoir ...................................................3
3.3 Moratorium on Development of North Dome Gas
Projects has Stemmed Natural Gas Supply for New
Petrochemical Projects ..................................................4
3.4 Conclusion.....................................................................5
4 Appendix ..............................................................................5
4.1 Methodology ..................................................................5
4.1.1 Coverage..............................................................5
4.1.2 Secondary Research ............................................5
4.1.3 Primary Research ................................................5
4.1.4 Expert Panel Validation ........................................6
4.2 Contact Us.....................................................................6
4.3 Disclaimer......................................................................6
1.1 List of Tables
Table 1: Qatar Petroleum Industry, LNG Exports, bcf, 2000-
2010 .........................................................................2
Table 2: Qatar Petroleum Industry, Natural Gas Production by
Field, bcf, 2000-2010 ................................................3
Table 3: Qatar Natural Gas Industry, North Dome Gas Field
Share in Total Production, %, 2000-2010 .................3
Table 4: Qatar Petrochemicals Industry, Basic
Petrochemicals Capacity, MMtpa, 2000–2015 .........4
1.2 List of Figures
Figure 1: Qatar Petroleum Industry, LNG Exports, bcf, 2000-
2010 .........................................................................2
Figure 2: Qatar Petroleum Industry, Natural Gas Production by
Field, bcf, 2000-2010 ................................................3
Figure 3: Qatar Natural Gas Industry, North Dome Gas Field
Share in Total Production, %, 2000-2010 .................3
Figure 4: Qatar Petrochemicals Industry, Basic
Petrochemicals Capacity, MMtpa, 2000–2015 .........4
Market Analysis Alert
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Figure 1: Qatar Petroleum Industry, LNG Exports, bcf,
2000-2010
2 Summary
3000
Qatar holds the world’s third largest natural gas reserves and is
the largest exporter of liquefied natural gas (LNG). While these 2500
resources and government subsidies make the region attractive
to petrochemical producers, a government ban on developing 2000
LNG Exports, bcf
the region’s largest gas reserve has negatively affected planned
petrochemicals projects. 1500
The government ban on the development of further projects in
1000
Qatar’s offshore North Dome gas field, which holds 900tcf of
natural gas, comes on the back of the last decade’s high 500
production rates. Production cost increases significantly during
the ceasing period as pressure inside the wells had to be 0
increased artificially to extract the gas. The process is 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Year
expensive and the government has put current projects on hold,
which is negatively impacting petrochemicals producers in the Source: GlobalData, UN Comtrade, International Gas Union (World LNG Report
2010)
area.
3 New Petrochemical Projects are
Struggling to Secure Natural Gas Table 1: Qatar Petroleum Industry, LNG Exports, bcf,
Supply Contracts from the Petroleum 2000-2010
Industry Year LNG Exports
2000 764.0
3.1 Gas Production from North Dome Gas