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 ongoing economic embargo, 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.
|LNG Exports||76.8||mn tons|
|O&G Export Rev.||72.9||$bn|
|O&G % Export Rev.||87||%|
ALL DATA 2018 UNLESS OTHERWISE INDICATED.
8 Jan, 2021
Three and a half years after it began, the embargo of Qatar is over as Saudi Arabia and its allies agreed to restore ties. The decision appears based on pragmatic economic calculations, with Saudi Arabia keen to attract foreign investment. But the scars from 2017’s actions mean that full reconciliation will be a slow process.
8 Jan, 2021
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