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

ALL DATA 2018 UNLESS OTHERWISE INDICATED.

Oil & Gas

9 Jul, 2021

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QP, Exxon Ramp Up Barzan Gas Output

Both trains at Qatar’s delayed Barzan gas project are now operational. But the 1.4bn cfd project, key to meeting rising demand, is operating at below half capacity.