OIES: Qatar Lifts LNG Moratorium

Qatar Lifts its LNG Moratorium
Howard Rogers of the Oxford Institute for Energy Studies wrote about Qatar’s announcement to lift its moratorium on new LNG projects and to produce an additional 20.7 billion cubic meters of gas per year (15 million metric tons per annum of LNG) within five to seven years. Rogers says this is “a highly significant development for the LNG industry… With its low-cost base [from $2.0 to $5.2/mmbtu depending upon assumptions] and high condensate and LPG co-production, Qatar can compete with any of the established LNG suppliers (as well as Russian pipeline gas). The comment assesses the implications for the market and addresses possible reasons for the timing of the announcement. Link to comment: Click Here.

Categories: Oxford Institute for Energy Studies, Qatar

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