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2020-05-22 12:45:00

QATAR'S LNG PRODUCTION: NO WAY

QATAR'S LNG PRODUCTION: NO WAY

PLATTS - 21 May 2020 - Qatari energy minister Saad al-Kaabi said Thursday there was "absolutely no way" Qatar would cut its LNG production despite reduced demand and low global gas prices.

Speaking during a US-Qatar Business Council webinar, Kaabi said if Qatar stopped selling LNG because of cost, "that means there is something drastically wrong in the LNG market."

Global gas prices have plunged to record lows in the past weeks due to an oversupplied market and reduced demand due in part to the coronavirus pandemic.

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Earlier:

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