Qatar makes new natural gas find

The discovery – which amounts to more reserves than Germany holds altogether - was made at the 4-North offshore block near Qatar's massive North Field by a consortium including Germany's Wintershall and Japan's Mitsui, Qatari energy minister Mohammed al-Sada told a news conference in capital city, Doha.

Qatar's North Field is the world's largest non-associated gas field, containing nearly 900 tcf. The new find represents just 0.28% of the country's proven reserves. Qatar is the world’s biggest exporter of LNG by sea and operates a large fleet of LNG carriers.

"We will look at options including the possibility of using the gas at one of our existing facilities, which would make the project highly profitable," Sada said.

According to the latest BP Statistical review, Qatar's proved gas reserves stood at 884.5 tcf, or around 12 percent of global gas reserves, at the end of 2011.

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