KUWAIT CITY, Feb 20 (Xinhua): Qatari Energy and Industry Minister Abdullah bin Hamad al-Attiyah said yesterday that Qatar would supply 77-million-tonne liquefied natural gas (LNG) annually to the global market as of 2011, the official Qatar News Agency reported.
Al-Attiyah revealed the target when addressing the 11th International Middle East Gas Summit held in the Qatari capital Doha, according to the report.
Citing a rapid development of Qatar's natural gas industry due to rising energy prices, al-Attiyah said that the country's daily gas supply to the United Arab Emirates and Oman was expected to reach 56 million cubic meters in 2007.
He also said that Qatar would begin to supply LNG to India soon, adding that the country had signed a number of agreements with European and US companies on gas supply.
According to latest figures, Qatar's proven gas reserves stand at 25,780 billion cubic meters, ranking the third in the world only after Russia and Iran.
At present, Qatar has an annual production capacity of 37.8 billion cubic meters.
The gas summit, participated by over 250 representatives from energy fields all over the world, will conclude on Feb. 21.