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 economic embargo which lasted from June 2017 to January 2021, 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 %

ALL DATA 2018 UNLESS OTHERWISE INDICATED.

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2020 Qatar Powergen Falls From Monthly Record 5.83twh In July

1: Qatar'S GDP Growth* Was Lethargic Even Before This Year's Covid-Slump

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

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