New projects to increase Qatar’s LNG production capacity by 85% – The Peninsula

New projects to increase Qatar’s LNG production capacity by 85% – The Peninsula

Doha, Qatar: Qatar’s LNG production capacity expansions are being driven by a stronger global LNG demand growth outlook, stated Fitch Solutions in its latest report.

Recently, QatarEnergy announced the addition of the greenfield North Field West (NFW) LNG project, which is estimated to have a 16 mtpa LNG production capacity, which comes as an addition to the North Field East (NFE) and North Field South (NFS) projects that are currently underway.

The three greenfield projects, with a combined LNG production capacity, are expected to augment Qatar’s LNG production capacity by 85 percent from 77 million tonnes per annum to 142 mtpa by 2030.

The report said: “Qatar’s announcement of the NFW project came after the Biden administration’s decision to pause approvals for pending and future applications to export LNG from new projects in the US, as well as the US’s opposition to the startup of Russia’s Arctic LNG Phase 2 project.”

It further noted that “Regardless of US policies to curb LNG exports, the rosy outlook for global LNG demand growth is a key driver behind Qatar’s LNG production capacity expansions and its ambition to expand its footprint in the global LNG market.”

On the other hand, the analysts also remarked that Europe’s struggle