Emir of Qatar: We aim to increase our gas production by 40% by 2026

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The Emir of Qatar, Sheikh Tamim bin Hamed Al Thani, said that his country aims to increase its production of liquefied natural gas by 40 percent by 2026.

The Emir of Qatar, Sheikh Tamim bin Hamed Al Thani, spoke at the opening session of the “First Qatar Economic Forum”, which was held in cooperation with the US Bloomberg Agency, with the participation of heads of state and government and experts from various countries. Countries.

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In his speech via video conference, Sheikh Tamim said that they are ready to adopt a balanced economic policy.

This is by continuing to expand the gas project in the northern field in preparation for the next stage.

“We aim to increase LNG production by 40 percent until 2026 with the project,” Sheikh Tamim said.

Sheikh Tamim said that this increase will be used to increase investments for the benefit of future generations.

Qatar also aims to increase its LNG production from 77 million tons per year to 110 million tons by 2026.

The reserves of the North Field, discovered off the northeastern coast of Qatar in 1971, are estimated at 900 trillion cubic feet, equivalent to 10 percent of the world’s discovered gas reserves.

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fight corona virus

In his speech, the Emir of Qatar also touched on his country’s experience in combating the new type of coronavirus.

Sheikh Tamim explained that instructions were issued to take all necessary measures to reduce the economic repercussions of the epidemic.

And providing 75 billion riyals (about $20 billion) in support to the private sector affected by this situation.

He explained that they have adopted a flexible strategy in openings and closings within the scope of the measures taken to confront the current situation.

He urged the countries of the world to cooperate more for the fair and comprehensive distribution of the COVID-19 vaccine.

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“New Horizons for Tomorrow”

The Economic Forum is organized under the slogan “New Horizons for Tomorrow” and will last for 3 days.

South African President Cyril Ramaphosa, Rwandan President Paul Kagame and Armenia’s President Armen Sarkissian are expected to attend the forum.

Also Senegal’s President Macky Sall, Bangladeshi Prime Minister Sheikh Hasina and British Prime Minister Boris Johnson.

In addition to Turkish President Recep Tayyip Erdogan via video conference.

The forum, which will be attended by more than 2,000 authorized persons in the fields of finance, economy, investment, technology, energy, education, sports and climate.

It is reported that it will cover topics such as advanced technology, sustainable development, markets, investment and energy flows.