Qatar's aggressive liquefied natural gas expansion strategy could see the country control 25% of global LNG supply by 2030.
Qatar could squeeze out rival LNG supply, including from the current top exporter, the United States, and could end up controlling 25% of the global LNG supply by 2030 after it announced a new major expansion project days ago, analysts told Reuters.
The North Field West project adds to the ongoing North Field East NFE and North Field South NFS expansion projects, with the three field developments expected to boost Qatar’s LNG production capacity to 142 million tons per annum MTPA before the end of this decade, representing an increase of nearly 85% from current production levels of 77 MTPA.
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