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.
|LNG Exports||76.8||mn tons|
|O&G Export Rev.||72.9||$bn|
ALL DATA 2018 UNLESS OTHERWISE INDICATED.
14 Jan, 2022
Having been overtaken by Australia in 2020, Qatar’s LNG exports face being challenged by the US this year. Doha’s time away from the summit is likely to be short-lived, with major expansion work progressing. For 2021 Qatar lost top spot in Taiwan but remains ahead of Australia in Korea.
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