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.

Oil & Gas

12 Feb, 2021

Featured

Full Steam Ahead For Qatar’s $29bn LNG Expansion

With the award of a $13bn EPC contract, Qatar’s industry-leading LNG expansion is accelerating. First gas is planned for 4Q 2025, with the first phase reaching full 110mn t/y capacity by early 2027. Next up: selecting partners for the biggest LNG project in years.