Middle East

Qatar

Qatar aims to reclaim its crown as the world’s largest LNG producer from Australia, targeting 126mn t/y by 2027, and is working hard to develop new markets.

State of Play

Qatar is aggressively expanding domestic LNG production capacity, targeting a 64% increase to 126mn t/y by 2027. Having shrugged off the impact of the economic embargo which lasted from June 2017 to January 2021, the emirate’s huge expansion is attracting interest from the world’s leading IOCs, which QP is using to snap up overseas assets under its two-pronged expansion strategy.

2021 In Numbers

Gas Output	171.3*	bcm
Gas Exports	127.9*	bcm
LNG Exports	77.9	mn tons
O&G Export Rev.	73.6	$bn

*2020 DATA.

Geopolitical Risk

25 Nov, 2022

Featured

Qatar’s Neighborly Exports Jump As Regional Leaders Reconcile

It was all smiles in Qatar this week as Saudi Arabia’s Crown Prince attended the opening ceremony of the FIFA World Cup. Less than two years after the embargo ended, Qatar’s exports to its neighbors have boomed. But, having diversified its import sourcing, Qatar shows no desire to return GCC imports to 2016 levels.