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 ongoing economic embargo, 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 | % |
| Foreign Reserves | 49.3 | $bn* |
*End-Year
21 Feb, 2020
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Qatar sent bumper LNG volumes to Europe in 2019, yet revenues from the region fell. With a global LNG supply glut set to deepen in 2020, a reprieve is unlikely.
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