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In 2024, natural gas production in Qatar amounted to around *billion cubic meters. According to the source, the data represent standard cubic meters (measured at 15°C and 1,013 mbar) where possible. Since the data are derived directly from metric tons of oil equivalent using an average conversion factor, they do not necessarily equate with gas volumes expressed in specific national terms. Qatar’s natural gas reserves are one of the largest in the world, after Russia and Iran. Most of its reserves are located in the offshore North Field, shared with Iran, which is a part of the largest natural gas field in the world.

Qatar’s future without OPEC

In 2019, Qatar withdrew from the Organization of the Petroleum Exporting Countries (OPEC). Qatar had been a member since 1961 and is the first Middle Eastern country to leave the bloc. Qatar’s withdrawal also signifies its new efforts to focus on natural gas and expand its market share. Qatar is one of the largest liquid natural gas (LNG) exporters in the world. The country’s state-owned company, Qatar Petroleum, hopes to increase its LNG export market to compete with Russian LNG deliveries.