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Qatar Expecting Long Term LNG Deal with Asia This Week

LNG

QatarEnergy is expected to sign a long-term LNG supply deal with an Asian entity on Thursday according to a Reuters source.

  • The deal will be one of many to come this year as the major LNG producer secures sales for its North Field expansion project. Qatar’s Energy Minister last week stated aims to get supply contracts for new LNG in place by year-end.
  • Qatar is already among the world's top LNG exporters and is on track to increase LNG capacity from 77mtpa to 127mtpa by 2027 from the North Field Expansion projects.

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