Posted 2/25/2024, 10:16:56 AM
Qatar Plans Major LNG Capacity Expansion to 142 Million Tonnes Per Year By 2030 Despite Lower Gas Prices
- Qatar plans to further increase its liquefied natural gas (LNG) production capacity to 142 million tonnes per year by 2030, despite lower global gas prices
- This latest expansion comes amid fierce competition between Qatar and other major gas exporters like the United States
- Qatar believes demand for gas will continue growing, especially in Asia, for at least 50 more years
- The new expansion will add 16 million tonnes per year through constructing 2 additional LNG trains
- Qatar will begin preliminary engineering studies for the expansion without partners initially, and decide on partnerships later