Qatar

Cheniere Sanctions Corpus LNG Expansion on ‘Significant Growth’

Cheniere Sanctions Corpus LNG Expansion on ‘Significant Growth’

Cheniere Energy Inc. said Wednesday it made a positive final investment decision (FID) to expand its Corpus Christi liquefied natural gas (LNG) export terminal in South Texas.  The project would add seven midscale liquefaction trains and 10 million metric tons/year (mmty) of capacity at the facility as global demand for LNG surges. “Reaching FID on…

June 22, 2022
As Global Demand Soars, ExxonMobil Invests in LNG Production Expansion in Qatar

As Global Demand Soars, ExxonMobil Invests in LNG Production Expansion in Qatar

ExxonMobil said Tuesday it would invest in a $29 billion project that would boost Qatar’s liquefied natural gas (LNG) capacity from 77 million tons to 110 million tons annually. The deal comes at a time when demand is soaring, particularly in Europe, amid Russia’s war in Ukraine. The Irving, TX-based supermajor joined other international energy…

June 21, 2022
LNG Market Volatility Fueling Another Banner Year for Long-Term Contracts

LNG Market Volatility Fueling Another Banner Year for Long-Term Contracts

International liquefied natural gas (LNG) buyers could keep up the strong pace of new long-term contracts through the rest of the year as short-term volumes continue to grow more expensive, according to market analysts. Since the beginning of the year, buyers have secured over 22 million metric tons/year (mmty) of LNG by signing new deals.…

May 31, 2022
European Natural Gas Prices Hit Three-Month Low – LNG Recap

European Natural Gas Prices Hit Three-Month Low – LNG Recap

Natural gas prices in Europe on Monday slumped to their lowest level since Russia invaded Ukraine in February as weak demand and the steady arrival of liquefied natural gas (LNG) cargoes have combined to weigh down benchmarks.  Storage inventories are filling rapidly as the continent races to displace Russian supplies. Inventories were at about 43%…

May 23, 2022
Qatar Sanctions Massive $30B North Field East LNG Project

Qatar Sanctions Massive $30B North Field East LNG Project

State-owned Qatar Petroleum (QP) is moving ahead with the largest liquefied natural gas (LNG) export project ever to be sanctioned, staking a claim to the world’s projected future demand. QP announced a positive final investment decision (FID) Monday for the North Field East (NFE) Project, which has been in the works for years and would…

February 9, 2021
Baker Hughes Secures Equipment Deal for Major Qatari LNG Expansion

Baker Hughes Secures Equipment Deal for Major Qatari LNG Expansion

Baker Hughes Co. said Tuesday it will supply Qatar Petroleum gas-powered refrigerant units for an expansion of the Middle Eastern country’s liquefaction capacity to 110 million metric tons/year (mmty) from 77 mmty by 2025. The Houston-based oilfield services giant said it is among the largest liquefied natural gas (LNG) deals it has secured in the…

September 29, 2020
Qatar Reserves 60% of Global LNG Shipbuilding Capacity for $19B-Plus

Qatar Reserves 60% of Global LNG Shipbuilding Capacity for $19B-Plus

State-owned Qatar Petroleum (QP) inked agreements this week with South Korea’s major shipyards, reserving construction capacity to secure more than 100 liquefied natural gas (LNG) carriers over the next eight years in a deal valued at more than $19 billion.

June 2, 2020
Qatar Starts Drilling Wells to Feed Planned LNG Mega Trains

Qatar Starts Drilling Wells to Feed Planned LNG Mega Trains

State-owned Qatar Petroleum said Wednesday that it has spud the first of 80 wells as part of its ambitious North Field East (NFE) Project aimed at significantly expanding its liquefied natural gas (LNG) output in the coming years.

April 15, 2020

Qatar Planning More LNG Mega Trains; Capacity Seen Climbing 64% by 2027

State-owned Qatar Petroleum (QP), the world’s largest natural gas producer, said by 2027 it should be able to increase current liquefaction capacity by 64%.

November 25, 2019

Qatar Still Eyeing 2024 to Ramp More LNG Export Capacity

State-owned Qatar Petroleum remains committed to expand its natural gas exports worldwide by 2024 to maintain its leadership position, Energy Minister Saad Sherida Al-Kaabi said Tuesday.

October 8, 2019
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