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    Gulf Times: Qatar well placed to handle increased global LNG supply: QNB

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Qatar, which is the “lowest cost” liquefied natural gas producer in the world, been well placed to handle the expected increase in global LNG supply

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Gulf Times: Qatar well placed to handle increased global LNG supply: QNB

Qatar, which is the “lowest cost” liquefied natural gas producer in the world, has been well placed to handle the expected increase in global LNG supply, QNB said, which it says will increase significantly to 297mn tonnes per year in 2017 from 245mtpy in 2014.

Three major projects have recently been completed; over 100mtpy of LNG projects are currently under construction; and 600mtpy of projects are under consideration.

“However, the viability of many of these projects is being threatened by a number of factors, not least the recent collapse in crude oil (liquefied natural gas prices for long-term contracts are usually indexed to crude oil benchmarks) and LNG spot,” QNB said in a report yesterday.

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