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Qatar Prepares To Dominate The LNG Export Market

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Qatar is backing up its massive LNG expansion plans with new orders to charter dozens of new ships as the tiny Gulf gas producer aims to solidify its dominance in the global LNG export market

. Last year, the United States overtook Qatar as the world’s largest LNG exporter, but Qatar has a huge expansion program underway to boost its export capacity by 85% from current levels by 2030. As the U.S. paused permit approvals for new LNG export projects earlier this year, adding uncertainty about the outlook for U.S.

, while also meeting our long-term fleet replacement requirements,” added Al-Kaabi, who is also Qatar’s Minister of State for Energy Affairs. QatarEnergy launched the long-term charter and operation program in 2022, which will support Qatar’s expanding LNG production capacity. And in terms of LNG capacity expansion, Qatar is not wasting its time.

 

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