QatarEnergy has outlined its plan to scale up its carbon capture and storage and solar power generation capabilities as part of its drive to significantly reduce the carbon footprint at its facilities by 2035.
The Qatari state-owned giant unveiled its updated sustainability strategy on Monday, targeting “carbon capture and storage technology to capture over 11 million tonnes per annum of CO2 in Qatar by 2035”.
The company added that it is also stepping up efforts to advance the midterm aims of increasing solar capacity to over 5 gigawatts by 2035 and eliminating routine flaring.
“These projects will further reduce the carbon intensity of Qatar’s liquefied natural gas facilities by 35%, and of its upstream facilities by at least 25% (also by 2035) — compared to previous targets of 25% and 15%,” the company said.
Chief executive Saad Sherida al Kaabi said the company has “a significant role to play to mitigate climate change”.
Cleaner LNG in focus
He noted that Qatar’s ambition to lower its carbon footprint will be achieved through producing cleaner LNG, expanding renewables capacity, and compensating for residual emissions through CCS and nature-based solutions.
The company also said that it is building on its hydrogen capability as a low-carbon solution.
QatarEnergy recently signed agreements with Shell and South Korea’s Hydrogen Convergence Alliance (H2Korea) to co-operate in hydrogen energy, both in Qatar and internationally.
Qatar is investing heavily to regain its crown as the world’s largest LNG exporter and aims to boost its production capacity by almost two-thirds to 126 million tpa over the next five years.
Reducing carbon footprint
Leading national oil companies in the Middle East are increasingly aiming to reduce their carbon footprints as the energy transition gathers pace, while continuing to invest heavily in expanding their oil and gas production capacities.
While a few Middle East producers have announced long-term net-zero goals, others say they are preparing for a low-carbon future.
Saudi Aramco last year became the region’s first national oil company to reveal a net zero target, aiming to achieve net zero Scope 1 and 2 greenhouse gas emissions across its wholly owned and operated assets by 2050.
Aramco, which is also expanding its oil and gas production capacity in a bid to maintain its global market share, said it plans to disclose further details on its net zero goals in its forthcoming sustainability report, which is due to be issued in the second quarter of 2022.
In 2021, the United Arab Emirates was the first nation in the region to reveal a long-term net zero plan, with aims to achieve net zero emissions by 2050.