# Qatar restarts development of world's biggest gas field after 12-year freeze
| Reuters

> Qatar Petroleum CEO Saad al-Kaabi said Qatar is lifting its 2005 moratorium on developing the North Field, adding capacity of 2 bcf per day starting in five to seven years. Qatar expects to lose its position as top LNG exporter to Australia this year.

- Date: 2017-04-04 · published 2017-04-04T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/71667-qatar-restarts-development-of-world-s-biggest-gas-field-after-12-year-freeze
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Expanded Qatari output adds to a looming LNG supply wave, which is bearish for future gas prices and therefore for gas-linked fertilizer and energy costs.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2017-02-06 | [U.S. Oil and Gas Prices May Tumble On Trump's ‘Energy Revolution’ - Bloomberg](https://feedsoft.ai/events/72693-u-s-oil-and-gas-prices-may-tumble-on-trump-s-energy-revolution-bloomberg.md) | -0.8% | -14.1% |
| NATGAS | 2022-08-30 | [Wholesale gas prices tumble as Europe prepares to intervene in energy markets](https://feedsoft.ai/events/40212-wholesale-gas-prices-tumble-as-europe-prepares-to-intervene-in-energy-markets.md) | -10.4% | -27.5% |
| NATGAS | 2017-06-30 | [Japan ruling shifts LNG balance of power to buyer \| The National](https://feedsoft.ai/events/70693-japan-ruling-shifts-lng-balance-of-power-to-buyer-the-national.md) | -5.5% | -3.2% |
| NATGAS | 2022-10-18 | [EU storage progress, warm weather deal blows to US, EU prices \| IG SG](https://feedsoft.ai/events/12794-eu-storage-progress-warm-weather-deal-blows-to-us-eu-prices-ig-sg.md) | -17.2% | +0.7% |

## Sources

- web.archive.org: https://web.archive.org/web/20170610014417/http:/www.reuters.com/article/us-qatar-gas-idUSKBN175181

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.