Qatar Looks To Expand Its LNG Options As Contract Renegotiations Loom

A recent Bangladesh supply deal signals a Qatari strategy of focusing on expanding in relatively-short-haul south Asia. Long-standing relationships with traditional east Asian buyers could be tested in the coming years.

Qatar’s announcement earlier this month that it plans to boost LNG production by 30% to 100mn tons/year post-2022 signals a desire to protect its market share and maintain its position as the world’s leading LNG exporter, catering for 30% of the global market ( MEES, 14 July ).

As does last month’s deal for state firm Rasgas to supply 2.5mn t/y of lean LNG for 15 years to Bangladeshi counterpart Petrobangla ( MEES, 30 June ). The agreement will allow Bangladesh to join the club of LNG importers as it is planning to install two new FSRUs that will grant it total import capacity of 7.5mn t/y.


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