Qatar Energy to Make "Significant" Announcement on Sunday

A source informed Reuters that "Qatar Energy will make an announcement on Sunday that will have a significant impact on the industry." The source stated, "The announcement will have a significant impact and will be of considerable importance to the industry." Qatar Energy, one of the largest exporters of liquefied natural gas (LNG) in the world, has signed a series of supply agreements for gas produced from the North Field expansion with European and Asian partners. The plans aim to establish six LNG facilities that will increase Qatar's liquefaction capacity to 126 million metric tons per year by 2027, up from 77 million, with further expansion possible. The company's CEO, Saad Sherida Al-Kaabi, told Reuters in December that the company is drilling wells to assess more opportunities, with additional expansions set to be implemented if increasing production capacity is technically feasible. Qatar Energy mentioned in an invitation to journalists on Thursday that a "very important announcement" is scheduled during an event in Doha. The North Field in Qatar is part of the world's largest gas field, which is shared with Tehran. Iran refers to its section as the South Pars Field.