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.
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.
12 Feb, 2021
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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.
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