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 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.

2019 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

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Qatar Power Generation Rose 23% To A Record 48.6twh For 2019...

...With Monthly Records Every Month From March And A 5.65twh August Peak

Qatar Budget Surpluses, Not Quite The Good Old Days ($Bn)

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