Qatar, the world’s largest LNG producer, is on track to expand its LNG production capacity by around 43% to 110 million mt/year, Mohammad Bin Saleh Al-Sada, Minister of Energy and Industry, said at the LNG Producer-Consumer Conference in Nagoya on Monday. This is the latest update to Qatar’s LNG expansion plans and its largest production forecast till date compared to its current production capacity of 77 million tons/year. It had initially stated plans to reach 100 million mt/year by 2020, following the lifting of a 12-year moratorium on the development of its offshore North Field in 2017. The rapid pace of Qatar’s expansion will allow it to maintain its position as the world’s top LNG exporter despite competition from Australia that expects to have 88 million mt/year of nameplate LNG export capacity if all its 10 projects reach full capacity. Qatar’s plans to increase its LNG production […]