Middle East

Qatar

Qatar has shrugged off the impact of an economic embargo by its powerful neighbors and aims to reclaim its crown as the world’s largest LNG producer from Australia, targeting 110mn t/y by 2024.

State of Play

As the world’s largest LNG exporter, Qatar has been able to minimize the disruption caused by the ongoing Saudi-led blockade. A 40% capacity increase to 110mn t/y by 2024 is progressing, with the first wells to be drilled in early 2020. QP is pressing ahead with contract awards ahead of bringing IOCs onboard.

2018 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 %

*End-Year

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SELECTED DATA

Qatar Reduces Value Of Imports And Finds New Suppliers Following June 2017 Embargo, Gcc Volumes Plummet ($Bn)

Qatar Imports From The Gcc Collapse, But Oman Seizes Opening With Volumes Tripling Since The Start Of Sanctions ($Bn)

India LNG Imports (Mn T): Volumes From Top Supplier Qatar Have Been Steady At Around 10mn T/Y In Recent Years...

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