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Qatar Said to See $40 Billion Income Gain From Gas Expansion

  • LNG output will be increased to 110 million tons by 2025
  • Projected state surplus to go mostly to sovereign fund: person
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Photographer: KARIM JAAFAR/AFP/Getty Images

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Qatar will generate $40 billion in additional export revenue once it completes its natural gas expansion project in 2024, according to a person with direct knowledge of the matter.

Rising income from sales of liquefied natural gas will leave the government with a budget surplus of about $44 billion in 2024, with the bulk of the extra cash going to the $320 billion Qatar Investment Authority, the country’s sovereign wealth fund, the person said, asking not to be identified because the information is private.