State energy major Qatar Petroleum is looking to invest as much as US$20 billion in LNG projects in the United States over the next few years, Reuters reports , citing the company’s chief executive. The investment is separate, apparently, from Qatar’s plans to boost its local production capacity from the current 77 million tons of LNG annually to 110 million tones by the early 2020s. Qatar already has a solid presence in the emerging LNG market of the United States. It is the majority stakeholder in the Golden Pass terminal in Texas, where it has partnered with Exxon and ConocoPhillips. Yet, the US$20 billion won’t be spent just on LNG, Saad al-Kaabi told Reuters. Qatar Petroleum will also look into oil production in the United States. The small Gulf nation, which has been under a blockade from its neighbors led by Saudi Arabia for more than a year now, […]