The LNG market is set to undergo a transformation not seen since Qatar expanded output to 77mn tons/year. Not only is Australia by 2020 set to overtake Qatar in terms of overall export volumes, but Malaysia’s Petronas will surpass Qatar in terms of its ability to supply the market with flexible LNG.

Qatar last year sold about 25mn tons of LNG on either spot or short term contracts, accounting for about 39% of the global flexible LNG trade, according to LNG importers’ group GIIGNL. (CONTINUED - 1049 WORDS)