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Qatar Lays Out Ambition to Be LNG King for At Least Two Decades

  • Expansion project viable even if oil falls to $20: minister
  • QP is looking for regasification projects in which to invest
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Watch: Qatar's Energy Minister Saad Sherida Al-Kaabi says the country intends to be the largest LNG supplier in the market for 20 years.(Source: Bloomberg)
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Qatar aims to be the world’s biggest producer of liquefied natural gas for at least the next two decades, capitalizing on rising demand as the world transitions from oil and coal to cleaner energy.

Qatar will spend billions of dollars expanding its LNG capacity more than 50% to 126 million tons a year. That’s a level other countries will struggle to match, Energy Minister Saad Al-Kaabi said in an interview with Bloomberg Television.