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[29] [30] [31] In October 2023, QatarEnergy announced that it would provide 1 million tons a year of LNG from Qatar's North Field expansion project for 27 years to Eni. The long-term sale and purchase agreement will begin in 2026, where supplies will be delivered to the floating storage and regasification port unit in Piombino , Tuscany .
The project involves: development of gas wells and installation of two platforms in Qatar's North Field; two multiphase sea lines from the wellheads to the processing plant; gas processing and compression plant at Ras Laffan in Qatar; offshore pipeline from Ras Laffan to Taweelah in the UAE; gas receiving facilities at Taweelah.
QatarEnergy LNG was established in 1984 as Qatargas (Qatargas Liquefied Gas Company Limited), a joint venture between QatarEnergy, ExxonMobil and other partners. In the following years the company began developing the North Field and erected the first three LNG trains (Train 1, 2 and 3) with a design capacity of 3.3 million tonnes per year each.
The Qatar Investment Authority (QIA; Arabic: جهاز قطر للإستثمار) is Qatar's sovereign wealth fund. [2] The QIA was founded by the State of Qatar in 2005 to strengthen the country's economy by diversifying into new asset classes. In November 2024, the QIA had an estimated $526 billion of assets under management. [3]
The confiscation of passports also known as the Kafala system in Qatar was abolished during the year 2021 and the country took multiple measures for its workers sector which was included in the report published by Human Rights Watch in September 2020. According to the report’s findings, Qatar introduced a new rule where migrant workers can ...
In March 2016, Abdulla Al Subaie, managing director of Qatar Rail, stated that Qatar was ready to start work on the project but was waiting for other GCC countries to begin construction. In January 2016, Etihad Rail suspended the tendering process for Phase 2 of the UAE's railway project, which includes the UAE's portion of the Gulf Railway. [11]
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Construction began in 2020 and was completed in October 2023 (core and shell+ lobby finishings). [3] The 1.1 million-square-metre development is host the headquarters for the Qatar National Bank , Qatar Central Bank and Qatar Investment Authority alongside several other global organisations including Qatari Diar.
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