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Wednesday, March 06, 2024

The reasons why Qatar decided to expand its LNG footprintnote

QatarEnergy (QE) has announced on 26/2/2024 its plans for a third phase of the LNG expansion, adding 16 million tons per annum (mtpa) and elevating Qatar’s LNG capacity to 142 mtpa by 2030.

Qatari Minister of State for Energy Affairs and QE CEO Saad Al-Kaabi believes that several factors contributed to Qatar’s decision and announcement of the third phase expansion, known as the North Field West (NFW) expansion.

This note highlights the following key aspects:

- The key factors that led to the NFW expansion

- Al-Kaabi's views on U.S. LNG export halt

- U.S. LNG companies’ reaction to the NFW expansion

- Al-Kaabi's views and expectations on Qatar LNG export policy


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