To take a trivial example, which of us undertakes
laborious physical exercise.
Energy
At a glance
The energy sector is at the heart of the global economy. The surge in energy resources is experiencing unprecedented expansion. This growth is supported by its world-class industrial cities that include not only a full-service port but also a residential community with many facilities. These factors have contributed to increasing investment in the sector and attracting several multinational energy companies.
What's happening
Liquefied Natural Gas Expansion
One of our partners announced in February 2021 that it would build the world’s largest LNG project, including significant carbon capture and sequestration capacity. The world’s largest LNG project will increase the country’s LNG production capacity from 77 million tonnes per annum (MMTPA) to 110 MMTPA. In addition to LNG, the project will produce condensate, LPG, ethane, sulfur, and helium. Production is expected to start in the fourth quarter of 2025, and its total output will reach approximately 1.4 million barrels of oil equivalent per day.
Solar Technologies
Established in line with the key objectives of the Energy Vision 2030, QSTec is a renewable energy company that is a result of a private-public partnership.
QSTec enables the world to achieve a sustainable future by manufacturing and supplying polysilicon used by the global solar industry to produce innovative solar energy solutions that are used locally and exported worldwide.
QSTec has an 8,400 metric tonnes per annum (MTPY) solar-grade polysilicon manufacturing facility in Ras Laffan Industrial City (RLIC) that produces world-class polysilicon for use in the world’s most efficient solar technologies. In addition to this, QSTec has installed ground-mounted and rooftop photovoltaic installations at its RLIC site with a total installed capacity of 1.1 megawatts of solar power.
TAWTEEN
TAWTEEN is the supply chain localization program led by one of our partners. The program creates significant investment opportunities and provides suppliers with technical and business development channels. TAWTEEN participants include all companies operating in the energy sector, as well as other supporting industries and government entities.
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