Qatar Aims to Become the World’s Top LNG Trader, Says Minister

World’s top LNG producer has historically done little trading
Trading desk will get boost from new projects: Al Kaabi

WATCH: European proposals to set limits on the price paid for natural gas are “hypocritical,” says Qatar’s energy minister Saad Al Kaabi. He also discusses Asia’s energy market and what Qatar will want to see from COP27.Source: Bloomberg

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By Simone Foxman and Stephen Stapczynski

October 31, 2022 at 3:05 AM UTC

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Qatar plans to use its massive liquefied natural gas expansion to transform the nation into the world’s top trader of the super-chilled fuel.

“I think we will be one of the largest, if not the largest, LNG trader in the world,” Saad Al Kaabi, the nation’s energy minister and chief executive officer of state-owned QatarEnergy, said in an interview with Bloomberg TV. “That’s our ambition.”