Qatar is the largest exporter of gas
The State of Qatar is the largest exporter of liquid natural gas in the world, as the country's exports of natural gas, crude oil and other petroleum products provide a large percentage of the state's revenues, and natural gas is located at the heart of the energy sector in the country, as Qatar has the third largest natural gas reserves in the world It is estimated at about 872 trillion cubic feet. Most of Qatar's gas reserves are located in the North Field, which is part of the largest gas reserves in the world.
gas production in Qatar
Qatar's production of natural gas and natural gas liquids has increased, as the total production of gas reached nearly 700.000 barrels per day with exports amounting to about 500.000 barrels per day, making it the largest exporter of gas and its liquids in the world, in addition to that Qatar occupies the forefront in the field of converting technology gas-to-liquids, which convert natural gas into heavy hydrocarbons like a dropper.
Oil and gas reserves in Qatar
Qatar has huge deposits of gas, and the northern offshore field is the largest of the fields, while oil reserves in the western shore along the Dukhan coast and the eastern coast are few by regional standards. Qatar also began developing its gas resources in the mid-nineties in an attempt to reduce the country's dependence on oil. In order to be able to develop gas fields, the state was forced to borrow, and after the rise in oil prices in the early twenty-first century, the country's financial situation became more stable, and after the development of natural gas reserves through several projects with major oil and gas companies, natural gas exceeded government revenues and the country's gross domestic product in first decade of the twenty-first century.
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The State of Qatar is the fourth largest exporting economy in the world. In 2016, Qatar exported revenues of $55.7 billion and imported nearly $32.3 billion, which resulted in a trade balance of $23.4 billion. Qatar’s GDP amounted to approximately $152 billion. While the per capita gross domestic product was approximately $127.
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