On Feb. 25, 2024, Qatar announced plans to increase its LNG production capacity by a further 16 million tons per annum (mtpa) in 2029-30, bringing the total to 142 mtpa. This would be the third such large-scale expansion of its LNG production within the next six years, but there's one wrinkle: These new production volumes are set to come online at a time of significant oversupply in the LNG market. What accounts for Qatar's decision?

Related Keywords

South Korea , Pakistan , Netherlands , Italy , India , Taiwan , Poland , China , Thailand , Doha , Ad Daw Ah , Qatar , Suntien , Henan , Spain , Orlen , Warminsko Mazurskie , Austria , Australia , Kanasi , Maharashtra , France , Russia , Bangladesh , United Kingdom , Tohoku , Sakhalinskaya Oblast , Germany , Kuwait , Mexico , Japan , Mozambique , Canada , United States , American , Australian , Qatari , Korea , Chinese , Qatarenergy Saad Sherida Al Kaabi , Nikolay Kozhanov , Saad Al Kaabi , Noushad Thekkayil Nurphoto , Cnooc , Gas Exporting Countries Forum , Shell , Exxonmobil , Sinopec , Qatari Energy , International Energy Agency , Vitol , Bloomberg , Pakistan State Oil , Korea Energy Ministry , Excelerate Energy , Program On Economics , Petrochina , Qatar University , Kuwait Petroleum Corporation , Suntien Greenst International , Reuters , Conocophillips , Gulf Studies Center , Oxford Institute For Energy Studies , North Field West , North Field East , North Field South , Middle East , Oxford Institute , Energy Studies , Effective After , Qatari Energy Minister , Qatarenergy Saad Sherida , Under Long Term Contracts , Southeast Asia , Henry Hub , Non Resident Scholar ,