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Qatar LNG Plans To Flood World Market – gCaptain

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By Anna Shiryaevskaya (Bloomberg) The world’s top exporter of liquefied natural gas is ramping up production dramatically and undercutting competitors in a bid to squeeze them out the market.
Qatar is dropping prices and pushing ahead with a $29 billion project to boost its exports of the fuel by more than 50%, stymieing the prospects of new plants elsewhere. It’s also established a trading team to compete in the nascent spot market and pushing into Asia more aggressively, according to people familiar with the matter.
The strategy marks a shift for Qatar, which has barely raised production in the past five years and traditionally prioritized prices over market share. Increased competition, especially from the U.S. and Australia, has forced the Persian Gulf state to become more nimble and attract buyers in Asia, a hot spot for gas demand. ....

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LNG Kingpin Pursues More Aggressive Strategy

by Bloomberg
|Thursday, May 20, 2021
The world s top exporter of LNG is ramping up production dramatically and undercutting competitors.
(Bloomberg) The world’s top exporter of liquefied natural gas is ramping up production dramatically and undercutting competitors in a bid to squeeze them out the market.
Qatar is dropping prices and pushing ahead with a $29 billion project to boost its exports of the fuel by more than 50%, stymieing the prospects of new plants elsewhere. It’s also established a trading team to compete in the nascent spot market and pushing into Asia more aggressively, according to people familiar with the matter. ....

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Qatar invests billions, undercuts rivals to maintain LNG market dominance

The world’s top exporter of liquefied natural gas is ramping up production dramatically and undercutting competitors in a bid to squeeze them out the market. ....

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LNG King Embarks on Sales Campaign

by Bloomberg
|Wednesday, March 03, 2021
Executives from the top exporter of liquefied natural gas are jetting around the globe in a whirlwind bid to strike competitive deals with the fastest growing customers.
(Bloomberg) Executives from the top exporter of liquefied natural gas are jetting around the globe in a whirlwind bid to strike competitive deals with the fastest growing customers. They need to.
Qatar, the world’s largest producer of the fuel, last month approved a $29 billion plan to boost capacity at its LNG export facility by 64% this decade, and is now urgently seeking to lock-in contracts and undercut rival developers from the U.S. to Australia. ....

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Qatar targets first place in LNG production for next 2 decades

RIYADH: Qatar aims to be the world’s biggest producer of liquefied natural gas (LNG) for at least the next two decades, capitalizing on rising demand as the world transitions from oil and coal to cleaner energy, according to Asharq Bloomberg.
Qatar will spend billions of dollars expanding its LNG capacity more than 50 percent to 126 million tons a year, a level other countries would struggle to match, Energy Minister Saad Al-Kaabi told Bloomberg Television.
The Gulf state is already the world’s main supplier of the super-chilled fuel, but new projects elsewhere, especially in Australia and the US, have eroded its dominance. ....

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