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 |
| O&G % Export Rev. | 87 | % |
| Foreign Reserves | 49.3 | $bn* |
*End-Year
20 Dec, 2019
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Qatar’s economy has shrugged off the ongoing embargo. Doha plans a third consecutive surplus in 2020 but this is threatened by a rising public sector wage bill.
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