QatarEnergy Annual Review 2024 - Annual report summary

Sep 18, 2026

Uploaded by Mabel

QatarEnergy Annual Review 2024 presents the company’s performance and strategic progress across core operations, including LNG production continuity amid maritime navigation challenges and expanded North Field development. It highlights growth in international upstream activities through new offshore exploration blocks, major LNG fleet expansion milestones, and downstream initiatives such as the Ras Laffan Petrochemical Complex. The review also covers lower-carbon growth, renewable solar construction, blue ammonia and carbon capture, and strategic moves in urea production.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages87

Reading Time3 h 39 min

AccessFree to download

Contents

Board of Directors

Executive Leadership Team

Message from the President and CEO

About QatarEnergy

QatarEnergy's industrial cities

Our corporate strategy

Key figures for 2024

Growing global LNG leadership

Optimize domestic upstream production

Maximize value from international upstream

Expand downstream and capture synergies

Establish a position in low-carbon business

Tawteen: Strengthening Qatar’s energy sector

Our people agenda

2024 highlights

Financial statements

Glossary and acronyms

2024 Annual Review Annual Review 2024 Contents 2 8 Board of Directors 10 Executive Leadership Team Message from 12 the President and CEO 14 About QatarEnergy 16 QatarEnergy's industrial cities Our corporate 18 strategy 20 Key figures for 2024 22 Growing global LNG leadership Optimize domestic 26 upstream production 34 38 44 48 50 52 64 168 Maximize value from international upstream Expand downstream and capture synergies Establish a position in low-carbon business Tawteen: Strengthening Qatar’s energy sector Our people agenda 2024 highlights Financial statements Glossary and acronyms 3 Annual Review 2024 2024 Annual Review His Highness Sheikh Tamim bin Hamad Al Thani The Amir of the State of Qatar Annual Review 2024 His Highness Sheikh Hamad bin Khalifa Al Thani The Father Amir His Highness Sheikh Abdullah bin HamadAl Thani The Deputy Amir Annual Review 2024 Board of Directors H. H. Sheikh Abdullah bin Hamad Al Thani H. E. Saad Sherida Al-Kaabi H. E. Ali bin Ahmed Al-Kuwari H. E. Sheikh Mohammed bin Hamad Al Thani Member of the Board The Deputy Amir Chairman of the Board of Directors Sheikh Khalid bin Khalifa bin Jassim Al Thani CEO of QatarEnergy LNG Member of the Board Minister of State for Energy Affairs Vice Chairman, President and CEO Mr. Nasser Khalil Al-Jaidah Member of the Board Minister of Finance Member of the Board Mr. Saeed Mubarak Al-Muhannadi Member of the Board 8 9 Annual Review 2024 H. E. Saad Sherida Al-Kaabi President and CEO Mr. Ahmad Saif Al-Sulaiti Executive VP-Operations Mr. Khalid Mohammed Al-Hitmi Executive VP-Subsurface Development and Exploration Executive Leadership Team Mr. Abdulaziz Mohammed Al-Mannai Executive VP-Human Capital Mr. Nabeel Mohammed Al-Buenain Executive VP-HSE and Business Services Mr. Jassim MohdAl-Marzouqi Executive VP-Commercial and Business Development Mr. Abdulaziz Jassim Al-Muftah Executive VP-Industrial Cities Mr. Ali Nasser Telfat Corporate Manager, CEO Office Mr. Mohamed Salem Al-Marri Executive VP-Projects, Engineering and Procurement Services Mr. Abdulla Ahmad Al-Hussaini Executive VP-Marketing Mr. Mohammed Essa Al-Mannai General Counsel and Board Secretary Mr. Abdulrahman Ahmad Al-Shaibi Executive VP-Finance and Planning Mr. Ahmad Saeed Al-Amoodi Executive VP-Surface Development and Sustainability Mr. Bader Mubarak Al-Khalifa Corporate Manager, Internal Audit 10 11 Annual Review 2024 Message from the President and CEO Throughout 2024, QatarEnergy has continued to see robust performance across multiple areas of its business, reinforcing QatarEnergy’s position as a reliable and trustworthy global energy provider, and affirming its role as “Your energy transition partner”. Throughout 2024, QatarEnergy further emphasized the critical importance of energy security, universal access to energy, anda fair and equitable energy transition. Despite challenges to maritime navigation, the State of Qatar’s LNG production remained uninterrupted, ensuring a consistent and reliable supply of LNG to our customers worldwide. QatarEnergy also advanced the development of natural gas reserves from the North Field, targeting an increase in the State of Qatar’s LNG production capacity to 142 million tons per annum (MTPA), representing an almost 85% rise over current domestic levels. This effort was bolstered by the confirmation that productive layers of the North Field extend west, paving the way for additional gas production and the development of a new LNG expansion project in Ras Laffan: North Field West. We further expanded our North Field partnership base by signing an agreement with CPC Corporation to become a partner in the North Field East LNG expansion project (NFE), along with a long-term supply commitment of four MTPA of LNG from the NFE project. The No

FAQs

What key areas does QatarEnergy cover in its Annual Review 2024?

It covers governance through the Board and leadership team, a message from the President and CEO, company strategy and key figures, major operational updates across LNG and downstream projects, and lower-carbon initiatives.

How does the review describe QatarEnergy’s LNG production during 2024?

It emphasizes that LNG production in the State of Qatar remained uninterrupted despite challenges to maritime navigation, supporting reliable global supply.

Which major development projects and lower-carbon initiatives are highlighted?

The review highlights Ras Laffan Petrochemical Complex groundwork, blue ammonia construction with carbon capture and sequestration, solar power projects, a new worldscale urea complex, and LNG expansion projects tied to North Field development.

Sep 18, 2026

Uploaded by Mabel