Qatar has added to its ever-growing list of strategically delayed projects by announcing that the development of Barzan Gas field is to be postponed in order to take full advantage of lower costs.
“Barzan is a very important and strategic project for Qatar, we remain committed to it, we will not abandon the project,” Abdullah bin Hamad al-Attiyah, Qatar’s Deputy Prime Minister and Energy Minister said.
The joint-venture between Qatar Petroleum and ExxonMobil was announced in February 2007 and was scheduled to produce its first gas in 2013. When fully operational it is expected to produce about 1.5 billion cubic feet of gas per day.
Qatar has also recently strategically postponed the multi-billion dollar Shaheen refinery and Aromatic projects.
