Qatar contract awards could exceed $20 billion this year as expansion projects gain momentum - Upstream Online
Qatar contract awards could exceed $20 billion this year as expansion projects gain momentum | Upstream Online
Qatar’s engineering and construction market is buzzing with activity, with potentially more than $20 billion worth of oil and gas contracts likely to be finalised this year as the country continues to press ahead with strategic expansion projects.
Qatar contract awards could exceed $20 billion this year as expansion projects gain momentum
The two expansion phases at North Field expected to increase Qatar’s LNG production from 77 million tpa to 126 million tpa by 2027
21 September 2023 7:51 GMT Updated 21 September 2023 11:22 GMT
By
in New Delhi
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”