King of LNG Undercuts Rivals to Keep Dominating World Market
- Qatar’s lowering gas prices and planning $29 billion expansion
- Green energy transition is adding to Qatar’s sense of urgency
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The world’s top exporter of liquefied natural gas is ramping up production dramatically and undercutting competitors in a bid to squeeze them out the market.
Qatar is dropping prices and pushing ahead with a $29 billion project to boost its exports of the fuel by more than 50%, stymieing the prospects of new plants elsewhere. It’s also established a trading team to compete in the nascent spot market and pushing into Asia more aggressively, according to people familiar with the matter.