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Qatar's LNG expansion plans and the issue of market oversupply

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? ....

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Qatar agrees to long-term gas supply deal with Germany: energy minister

DOHA: Qatar has agreed to send Germany two million tons of liquefied natural gas a year for at least 15 years, officials said Tuesday, as Europe s biggest economy scrambles for alternative supplies. ....

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