Qatar - Country Commercial Guide
Oil &Gas Field Machinery Equipment

This is a best prospect industry sector for this country. Includes a market overview and trade data.

Last published date: 2022-01-30


The State of Qatar is the largest global exporter of liquefied natural gas (LNG).  Qatar possesses the third largest known reserve of natural gas in the world after Russia and Iran and has existing reserves of approximately 24.7 trillion cubic meters of natural gas.  Crude oil production was at approximately 1,300,000 barrels per day making Qatar one of the top 15 oil exporting countries and one of the world’s major fertilizer producers.  Qatar is undertaking a $30 billion North Field Expansion project in the LNG sector. The market is vibrant and there are significant opportunities for U.S. companies offering products and services in the LNG production process.  

Qatar’s export of LNG, crude oil, and petroleum products constitute most of the government’s total revenue for the past several years. In 2020, hydrocarbon revenue contributed around 28% of Qatar’s GDP, a 17% contraction from 2019. Although hydrocarbon revenue decreased, the oil and gas industry is still the most active and bullish sector in the country and will likely continue this role in the future.  This sector also includes the most significant export or investment opportunities for U.S. companies over the past year, both in terms of dollar value and strategic interest.

Qatar’s state-owned oil and gas company, Qatar Energy (QE), oversees the oil, gas, fertilizer, petrochemicals, and refining operations in the country. As a global leader in LNG extraction, QE is an important player both in Qatar and globally, with billions invested overseas. QE developed the sector through key partnerships with international companies and has solidified several long-term supply agreements with companies in Bangladesh, China, Japan, India, Korea, Pakistan, Singapore, Thailand, and Vietnam and announced several overseas acquisitions in hydrocarbon blocks in Brazil, Oman, Mexico, South Africa, Argentina, Cyprus, Morocco, Mozambique, Namibia, Kenya, Guyana, and Cote d’Ivoire. Despite the Gulf Rift from June 2017-January 2021, Qatar continued to supply LNG to the UAE through the Dolphin sub-sea pipeline, which provides 40% of UAE’s power generation. In 2019, Qatar Energy invested a total of $18 billion in the U.S. energy sector in the $10 billion Golden Pass Terminal and a petrochemical plant on the Texas Gulf Coast at $8 billion. Qatar’s natural gas production costs are among the lowest in the world, enabling cost-effective LNG and Gas-To-Liquid (GTL) technology. The Pearl GTL plant is the world’s largest facility of its kind and is notable as the first to integrate upstream natural gas production with a downstream conversion facility.

In May 2017, the 12-year moratorium on LNG extraction from the North Field was lifted, allowing Qatar Energy to proceed with the North Field LNG Expansion project, which will increase LNG production in two phases. The first phase of the North Field project is expected to increase capacity by 43% from 77 million tons per annum (mtpa) to 110 mtpa by 2025. The second phase, called the North Field South Project (NFS), will increase the production capacity from 110 mtpa to 126 mtpa, a 64% increase by 2027. This project includes the development of six LNG mega trains, creating significant opportunities for U.S. energy companies. Qatar Energy is also planning to build a petrochemical complex that will have ethane capacity of 1.6 mtpa. 

In October 2021, state-owned Qatar Petroleum (QP) CEO Saad al-Kaabi announced that QP would be rebranded as Qatar Energy (QE) to reflect its focus on LNG production and renewable energy sources. The name change reflects does not reflect a strategy change and the North Field Expansion continues in full force, as Qatar regularly points to LNG as a cleaner, more reliable energy source to draw from as the world transitions to renewable sources.

The key business drivers for the oil and gas industry in Qatar are evolving in three segments: upstream, midstream, and downstream.  U.S. companies should consider providing products and services that focus on exploration and production, engineering, procurement, and construction (EPC), automation and systems, drilling, pipeline, refinery and oilfield or well servicing.

Sub-Sector Best Prospects

  • Oil & Gas Field Machinery, Equipment and Supplies
  • Oil & Gas Field Services
  • Green/Clean Energy Technology
  • Renewables


Qatar is poised to dramatically increase its LNG capacity and diversify products, projecting high growth in the coming years, despite globally depressed hydrocarbon prices.  Qatar Energy’s focus on major contracts for the North Field expansion, together with the upcoming development of the petrochemical complex and ethane cracker facility, are likely to be key drivers of business activities in the energy sector.


Qatar Energy

Contact the Commercial Section of the U.S. Embassy for more information.

Qatari Business Tender List


The Qatar Public Works Authority, also known as Ashghal, was established in 2004 as an autonomous body to oversee all infrastructure related projects, as well as public amenities of the State, and is under the Ministry of Municipality.