Great news for global supplies of natural gas and LNG.
Tom KirkmanIndependent Project Manager
Great news for global supplies of natural gas and LNG.
Regardless of what the compromised head of the IEA insists, global demand for natural gas will continue to *increase* for decades, for the forseeable future.
Qatar is investing enormous amounts of money to expand their natural gas and LNG operations, and it will take many years to recoup their expenses.
Reminder, in addition, last year Qatar ordered 56 LNG carrier ships from China and South Korea, worth $14 billion.
● ● ● 》Qatar is planning to almost double its LNG production capacity within 3 years.
Think about that ^
Demand for natural gas is not going away any time soon, except in moronic woke Western cities which think that natural gas will literally cause the end of the world.
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“QatarEnergy has broken ground on the massive expansion of its North Field, which aims to significantly expand the liquified natural gas production capacity for one of the world’s largest LNG exporting nations.
Qatar held the groundbreaking ceremny for the multibillion-dollar development in the city of Ras Laffan on Tuesday and said the “pioneering expansion” aims to raise the country’s LNG production capacity from 77 million tonnes per annum to 126 million tpa by 2026.
●》”It is worth noting that this project is the largest in the history of the gas industry and the world’s best in terms of the carbon footprint,” said QatarEnergy chief executive Saad Sherida Al Kaabi.
… “This major expansion will add 48 million tpa to the global LNG supplies. It comes at a crucial time, as natural gas occupies a pivotal position in the energy mix in a world facing geopolitical turbulences and is in dire need of clean energy sources that are in line with the global environmental goals,” Al Kaabi noted.
“In addition to LNG, the project will produce 6500 tonnes per day of ethane gas, which will be used as feedstock in the local petrochemical industries,” he added. …”
