Qatar targets long-term and spot LNG markets
World leader advances its strategy to commercialise existing and planned export upgrades
Qatar Petroleum (QP) has been making major inroads to secure a variety of buyers for its long-term LNG supplies ahead of major production increases. While other Mid-East Gulf NOCs, notably Saudi Aramco and the UAE’s Adnoc, have already made such strides to guarantee the ability to place their crude oil and products, particularly in Asia, state-owned QP is belatedly joining the party, albeit with a focus on gas. With demand for hydrocarbons uncertain due to the potential lasting impacts of the Covid-19 pandemic and a push towards cleaner energy—led by Europe, but gathering momentum too in North America and Asia—bringing trading in-house is expected to offer producers greater control and flex
Also in this section
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
21 January 2025
The new president must put his cards on the table and tell the American people, and the world, if the US is formally abandoning the energy transition
20 January 2025
Country offers to boost gas exports to Europe to 10bcm/yr, but serious questions remain
20 January 2025
The country’s oil and gas giant, KazMunayGas, is pushing ahead with a series of significant international partnerships
