Qatar, the world’s biggest exporter of liquefied natural gas, said on Monday it is ‘unhappy’ with the extremely high prices because they may result in demand destruction. The country is already producing at near capacity, our data show. Energy Minister Saad Al-Kaabi reiterated his belief in the virtues of long-term supply deals to provide market stability and emphasised Qatar’s goal to secure long-term contracts for its planned LNG capacity expansion.
Pressure from both long-standing climate commitments and rising energy demand have led Vietnam to seek LNG imports from next year. Overall, the country is planning 22 LNG to power projects, which could see LNG imports rise to 15mtpa by 2035. According to its commitments following the 2015 climate conference in Paris, Vietnam will cut greenhouse gas emissions by at least 9pct by 2030. Large parts of its power sector still rely on coal.