Total value of contracts awarded in Qatar’s gas sector saw a 19-fold year-on-year surge to $4.3bn in the first quarter (Q1) of 2025, according to Kamco Invest, a regional economic think-tank.
There is no immediate threat of the US tariffs on the Gulf Co-operation Council (GCC) projects market, which is slated to “remain strong” for the whole of 2025, it also said in a report.
QatarEnergy LNG recently selected India’s Larsen & Toubro Energy Hydrocarbon (LTEH) for a $4bn to $5bn package covering the engineering, procurement, construction, and installation contract under the second phase of North Field Production Sustainability (NFPS) project, Kamco Invest said, quoting MEED Projects.
This includes construction and installation of two major gas compression systems — CP8S and CP4N — each weighing 25,000–35,000 tons. The scope of the project also involves building compression platforms, flare gas platforms, and other related structures.
The total value of overall contracts awarded in Qatar stood at $5.2bn in January-March this year, which however fell 37.9% on an annualised basis. This drop in contract awards was due to a sharp decrease in the value of projects awarded in Qatar’s transport, water, and construction sectors, Kamco said.