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.
| Gas Output | 176 | bcm |
| Gas Exports | 125 | bcm |
| LNG Exports | 76.8 | mn tons |
| O&G Export Rev. | 72.9 | $bn |
ALL DATA 2018 UNLESS OTHERWISE INDICATED.
2 Oct, 2020
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For much of 2020 term LNG prices were well above crude and spot LNG. But they have slumped. Four of Qatar’s top Asian customers are now paying below $5/mn BTU.
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