Qatar’s Commitment to Sustained LNG Output Does Not Mean Business as Usual

Wednesday, 27 May 2020

Qatar confirmed it will not reduce LNG loadings from its massive 77mtpa Ras Laffan LNG complex even as global gas prices remain at historic lows – the LNG powerhouse is confident it can wait out its competition, we think. However, whereas historically Qatar’s most significant markets have been Asian demand growth centres, wobbly demand there compelled at least a temporary pivot towards North Europe and the Middle East, our data shows. Meanwhile, OPEX cuts are in the offing, too.

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