The Qatar Economic Forum took place from 21-23 June
Qatar trumpets significant LNG offtake interest
QP CEO says offers to buy top 60mn t/yr, but an increase in spot market volumes should still not be ruled out
State-owned Qatar Petroleum (QP) has received interest in offtake agreements and sales-and-purchase agreements (SPAs) amounting to double the volume of its 32mn t/yr North Field East (NFE) LNG expansion, the firm’s CEO and Qatari energy minister Saad al-Kaabi told the Qatar Economic Forum. The firm is also twice oversubscribed for the minority equity interest stakes it is offering in the NFE. Qatar’s apparent ability to find buyers for all NFE expansion capacity and then some could be hugely significant in terms of what the LNG market might look like in the middle of the decade. But the reality behind the headline may be more complex. 64mn t/yr – NFE buyer appetite Consultancy Wood M
Also in this section
19 May 2025
The two Gulf states are combining fossil fuel production with ambitions to become leaders in low-carbon energy
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
