Ras Laffan refinery and an LNG tanker represented on currency
Qatar pulls LNG investment trigger as crown slips
Doha is full throttle on its LNG growth targets as it seeks to retake its number one spot
State-owned QatarEnergy has awarded US oil services firm McDermott a major offshore engineering contract that will be key to the emirate’s LNG expansion plans. The deal covers $3-4bn worth of engineering, procurement, construction and installation (EPCI) work relating to topsides, pipelines and cables for the North Field East (NFE) development and an option for the award of similar units for North Field South (NFS), the second expansion phase on which FID looks ever more certain later in the year. The enthusiasm to maintain momentum on its liquefaction capacity drive comes as Qatar was last year overtaken by Australia as the world’s top exporter of LNG and is set to drop back to third place
Also in this section
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
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
