Qatar's North Field

In 2006 Qatar quietly announced the development of natural gas refining facilities in their North Field which is also part of the South Pars gas field which belongs to Iran (there is no geological separation; the split occurs at the Qatar - Iran maritime boundary). Here is a map of the area:
The North Field is expected to supply approximately 14% of the world's gas supply; South Pars is expected to contain 10%. Adding to the already LOADED area; this area is non-associated natural gas which means it contains little crude oil and requires less processing.

Iran and Qatar currently have a good relationship despite Qatar's willingness to host US troops. Qatar and Iran cooperate on OPEC, the Non-Aligned Movement, and Organization of the Islamic Conference. Together they hold 24% of the world's natural gas supply which may hold the key to relieving the world's reliance on oil.