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

ALL DATA 2018 UNLESS OTHERWISE INDICATED.

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SELECTED DATA

2: Qatar Government Revenues Fell To A Three-Year Low In 3Q 2020 ($Bn)

3: Qatar Crude Oil Export Revenues Dropped In September As Export Volumes Fell

1. Average Prices For Qatar LNG Have Slumped With Four Of The Five Key East Asian Buyers Now* Paying Below $5/Mn Btu For The First Time Since 2004

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