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2018-09-28 09:55:00

QATAR EXPANDS LNG

QATAR EXPANDS LNG

TOGY - Qatar is seeking to expand its LNG capacity via the addition of four trains, targeting 110 million tonnes per year (tpy) by 2023.

The revised target was announced by Qatar Petroleum CEO Saad Sherida Al Kaabi in a statement released on Wednesday. The government had previously targeted the addition of three LNG trains and a capacity of 100 million tpy by 2023, up from a current level of 77 million tpy.

"Based on the good results obtained through recent additional appraisal and testing, we have decided to add a fourth LNG mega train and include it in the ongoing front end engineering of the project," Al Kaabi said.

The country's LNG expansion plans follow its move to increase production from the giant North Field, a joint gasfield shared with Iran, where it is known as South Pars. Al Kaabi has expressed confidence in a steady rise in LNG demand.

In March, Qatar Petroleum awarded Chiyoda Corporation a FEED contract for three LNG trains, each with a capacity of 7.8 million tpy.

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Earlier: 

QATAR - CHINA LNG
2018, September, 10, 12:50:00

QATAR - CHINA LNG

REUTERS - Qatargas said on Monday it had agreed on a 22-year deal with PetroChina International Co, a unit of PetroChina Co, to supply China with around 3.4 million tonnes of liquefied natural gas (LNG) annually, as the nation stepped up efforts to combat air pollution.

 

 QATAR NEED INVESTMENT
2018, September, 10, 12:45:00

QATAR NEED INVESTMENT

GULF TIMES - HE Minister of Energy and Industry Dr Mohammed bin Saleh al-Sada affirmed that Qatar’s large gas reserves require an expansion effort, adding this is why Qatar has decided to increase this sector’s growth by 30%.

 QATAR - CHINA LNG
2018, August, 10, 10:45:00

QATAR - CHINA LNG

REUTERS - PetroChina Ltd is in advanced discussions with Qatar to purchase liquefied natural gas (LNG) under short- and long-term agreements, three sources with knowledge of the talks said on Wednesday.

 

 QATAR - U.S. INVESTMENT: $20 BLN
2018, June, 29, 10:40:00

QATAR - U.S. INVESTMENT: $20 BLN

BLOOMBERG - QATAR Petroleum, the world’s biggest seller of liquefied natural gas, is looking to get even larger, investing US$20 billion in America’s oil and gas fields, at a time when rival U.S. exporters are expanding.

 QATAR LNG - 2024: 100 MLN MT
2018, June, 13, 12:50:00

QATAR LNG - 2024: 100 MLN MT

PLATTS - "There is no LNG supply glut," Sada said. "There may be a surplus of only 10 million mt/year of LNG in the early 2020s [but] in a 350 million mt/year LNG market, this means that the market is practically in balance," he said.

 QATAR IS OK
2018, June, 6, 11:59:00

QATAR IS OK

BLOOMBERG - By most metrics, the embargo that closed Qatar off from major air, sea, and land links has failed. The country’s imports and exports are up, according to the International Monetary Fund. Qatar, the world’s richest country per capita thanks to massive reserves of natural gas, is on track to post a budget surplus in 2018. Its economy is growing faster than most of its peers.

 

QATAR'S GDP GROWTH 2.6%
2018, June, 4, 13:15:00

QATAR'S GDP GROWTH 2.6%

IMF - The near-term growth outlook is broadly positive. Overall, GDP growth of 2.6 percent is projected for 2018. Inflation is expected to peak at 3.9 percent in 2018—as the impact of the value-added tax being introduced during the second half of 2018 would mostly be felt in that year—before easing to 2.2 percent in the medium term. The availability of significant external and fiscal buffers and the strong financial sector should enable the country to withstand downside risks, including lower-than-envisaged oil prices, tighter global conditions and an escalation of the diplomatic rift.

Tags: QATAR, LNG