Minister of State for Energy Affairs Saad Al-Kaabi, who also acts as Qatar Energy (QE) CEO, believes that QE’s expansion of liquefaction production has been vindicated by the market events and price spikes of 2021-2022.
Any voices that thought Qatar risked flooding the LNG market and causing a price crash, have been silenced.
Note that the current level of both Asian and European spot market gas prices is at near all-time highs and is expected to stay elevated in the coming months.
Tactical Report has prepared a 443-word report to shed light on Minister Al-Kaabi’s LNG market outlook in light of price spikes and their impact on the Qatari gas expansion projects and long-term sale and purchase agreements (SPAs).