Our sustainability strategy is driven by Qatar National Vision 2030 and the United Nation's Sustainable Development Goals (SDGs), which are essential references to frame our sustainability actions and set them in a global context. We are also fully supportive of the Paris Agreement's goal to limit global warming to well below 2 degrees Celsius. Climate change is one of the most critical issues of our times and requires prompt and dedicated action at a global scale.
Our strategy embraces the transition towards a low carbon industrial landscape and is intended to be flexible and resilient to change. Therefore, we have developed our 4C framework of:
- Consolidate our leading position in supplying LNG across the globe by increasing our production to 126 million tons per annum (MTPA) by 2027, thereby displacing high GHG emitting energy sources such as oil and coal
- Curb emissions from our operations through flare reduction, methane emissions reduction, and energy efficiency
- Create low carbon energy by growing renewable energy capacity, i.e. solar projects, by 2–4 gigawatts (GW) by 2030
- Compensate for residual emissions through wide deployment of carbon capture and sequestration technology at our facilities (7 to 9 MTPA by 2030).
Our Climate Ambitions
Our sustainability journey started over a decade ago, including several initiatives: GHG emissions accounting and verification, flare reduction, methane emissions reduction, and energy efficiency. We have firm commitments towards carbon sequestration as well.
As we continue in our journey of excellence, we remain committed to bringing about further prosperity and shared value for all our stakeholders who were, and will always be, an integral part of our success.
Our climate roadmap sets out new short, mid-and long-term ambitions to reduce GHG emissions and shape our portfolio to be more sustainable.
The 4C climate framework will lead to a net carbon intensity reduction of 15% from upstream and about 25% from the LNG facilities by 2030, including direct and indirect emissions. Our ambitions of 0.2 wt.% methane intensity target by 2025 and zero routine flaring by 2030 will be achieved as well. By 2030, our portfolio will be over 90% gas-based, and we plan to add two to four GW of renewables.