Middle East
Qatar
Qatar has shrugged off the impact of an economic embargo by its powerful neighbors and aims to reclaim its crown as the world’s largest LNG producer from Australia, targeting 110mn t/y by 2024.
State of Play
As the world’s largest LNG exporter, Qatar has been able to minimize the disruption caused by the ongoing Saudi-led blockade. A 40% capacity increase to 110mn t/y by 2024 is progressing, with the first wells to be drilled in early 2020. QP is pressing ahead with contract awards ahead of bringing IOCs onboard.
2018 In Numbers
Gas Output
176
bcm
Gas Exports
125
bcm
LNG Exports
76.8
mn tons
O&G Export Rev.
72.9
$bn
O&G % Export Rev.
87
%
Foreign Reserves
49.3
$bn*
*End-Year
| Gas Output | 176 | bcm |
| Gas Exports | 125 | bcm |
| LNG Exports | 76.8 | mn tons |
| O&G Export Rev. | 72.9 | $bn |
| O&G % Export Rev. | 87 | % |
| Foreign Reserves | 49.3 | $bn* |
*End-Year
1 Nov, 2019
Featured
‘We Are Not Aggressive Enough’: Qatar Energy Minister Speaks With MEES
QP CEO Saad al-Kaabi is about to enter his second year as Qatar’s Minister of State for Energy. He sat down with MEES in Doha to discuss ambitious plans for LNG, petchems and overseas expansion. Expansion which he says will transform Qatar Petroleum into the world’s leading NOC.
Key Qatar Oil Infrastructure
NEWS IN BRIEF
Korea LNG: Qatar Volumes Slump
15 Nov, 2019
QP Guyana Finds: Heavy Oil Weighs On Optimism
15 Nov, 2019
Qatar Axes HSFO Sales
25 Oct, 2019
QP, Shell Reaffirm LNG Bunkering Commitment
20 Sep, 2019
QP In 5-Year Exxon Deal
23 Aug, 2019
Qatar’s Kahramaa Targets Solar
9 Aug, 2019
Qatar: Long-Delayed Barzan Gas Approaches Start-Up
28 Jun, 2019
SELECTED DATA
Qatar Reduces Value Of Imports And Finds New Suppliers Following June 2017 Embargo, Gcc Volumes Plummet ($Bn)
Qatar Imports From The Gcc Collapse, But Oman Seizes Opening With Volumes Tripling Since The Start Of Sanctions ($Bn)
India LNG Imports (Mn T): Volumes From Top Supplier Qatar Have Been Steady At Around 10mn T/Y In Recent Years...
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