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Qatar announces first large natural gas discovery in 42 years

The world third biggest gas exporter discovers a new gas field will increase its reserves

AP, Monday 11 Mar 2013
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Qatar says it has discovered as much as 2.8 trillion cubic feet of natural gas in an offshore field. Its first discovery since uncovering the world's biggest gas field 42 years ago.

Energy Minister Mohammed bin Saleh al-Sadah told reporters Sunday the discovery was made at the field known as Block 4 North, off the shore of the Gulf island nation. The field is operated by Qatar Petroleum along with its partners Mitsui Gas Development Qatar and Germany's Wintershall.

Al-Sadah, who is also managing director of Qatar Petroleum, said "we are very pleased" with the discovery. He said it was part of an effort by the country to "prudently explore for and develop our natural resources" as part of contribute to the country's economic prosperity.

OPEC member Qatar is a major exporter of oil and natural gas.

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