QATAR has always played a leading role in sustainable development and ensuring clean and affordable energy supplies. Qatar Petroleum (QP) launched on Wednesday its new Sustainability Strategy, which sets a roadmap for a sustainable and more prosperous future for Qatar and the world. The strategy is an important step on the road to achieve its vision of becoming one of the best national oil and gas companies in the world, with roots in Qatar and a strong international presence. The Strategy also acts as a clear direction towards reducing the emissions intensity of Qatar’s LNG facilities by 25 percent and of its upstream facilities by at least 15 percent, and reducing flare intensity across upstream facilities by more than 75 percent. Furthermore, it sets out a target to eliminate routine flaring by 2030, and limit fugitive methane emissions along the gas value chain by setting a methane intensity target of 0.2 percent across all facilities by 2025. During 2020, which was a challenging year, QP accomplished many feats. It continued its march to strengthen its position in the global LNG market by expanding its footprints in foreign markets. In April, QP announced the start of the development drilling campaign for the North Field East Project, or NFE (previously known as the North Field Expansion Project). In the same month, it announced that it had entered into an agreement to reserve LNG ship construction capacity in China to be utilized for Qatar Petroleum’s future LNG carrier fleet requirements, including those of its ongoing North Field expansion projects. In May, QP entered into three farm-in agreements to acquire about 30 percent of Totals participating interest in blocks 15, 33 and 34 located in the Campeche basin, offshore Mexico. In the same month, QP entered into a farm-in agreement with Total to acquire a 45% participating interest in blocks CI-705 and CI-706, located in the IvorianTano basin, offshore the Republic of Côte d’Ivoire. In June, QP entered into three agreements to reserve LNG ship construction capacity in the Republic of Korea to be utilized for Qatar Petroleum’s future LNG carrier fleet requirements, including those for the ongoing expansion projects in the North Field and in the United States. In October, QP booked 7.2 million tonnes per annum of LNG receiving and storage capacity for 25 years in Europe’s largest LNG import terminal. In the same month, QP announced that it discovered a new gas/condensate in the Luiperd prospect, located in Block 11B/12B, in the Outeniqua Basin, 175
