The head of Qatar Petroleum, Saad al-Kaabi, on Tuesday warned there would be a significant shortage of LNG on global markets sooner than expected as he reaffirmed the company’s plans to reach a final investment decision on its domestic LNG expansion project by end-2019. Shortage will come ‘sooner than people anticipate’: al-Kaabi Targeting FID on Qatar LNG expansion project at end-2019 Sees FID on US Golden Pass export facility in ‘next few months’ Speaking at the Oil & Money conference in London, al-Kaabi also said Qatar Petroleum would be able to reach a FID on the expansion project without binding LNG sales agreements. Qatar Petroleum revealed in July last year plans to raise the country’s LNG production capacity from 77 million mt/year to 100 million mt/year with the construction of three new mega-trains. Last month, […]