The $10bn Barzan gas project in Qatar is set for start in 2016 with full output expected in 2017.
The project is being developed by a joint venture (JV) of Qatar Gas and ExxonMobil, which appointed RasGas as the project manager and would be responsible for operating the plant once it completes.
The Ministry of Development Planning and Statistics said that output from the new pipeline gas production facility in addition to an expected recovery in condensate production next year will help lift aggregate GDP growth in both 2016 and 2017.
“Fewer interruptions to supply are expected in 2016, and Barzan production will come on stream, lifting overall GDP growth to 4.3%.”
A statement from the ministry said: “The forecast of real GDP growth in 2015 is put at 3.7%. The dip from 2014, when real GDP growth was 4.1%, is largely the result of a contraction in the hydrocarbon sector, due to falling oil production and shutdowns for operations and maintenance.
“Fewer interruptions to supply are expected in 2016, and Barzan production will come on stream, lifting overall GDP growth to 4.3%.”
Also, the Ras Laffan 2 condensate refinery is slated to become operational in the fourth quarter of 2016.
In 2013, Qatar Petroleum signed an agreement with a consortium led by France-based Total to build the $1.5bn refinery.
The refinery will have a production capacity of 146,000 barrels per day and will include both onshore and offshore developments.
First train of the Barzan gas project is expected to be online in 2015.