Qatar to Build New LNG Project as US Stalls on Export Push (1)

Feb. 25, 2024, 7:49 AM UTC

Qatar plans to expand exports of liquefied natural gas amid rising demand and a pause on growth projects in the US, a key rival supplier.

The nation, which vies with the US and Australia as the biggest shipper of the fuel, will develop a new 16 million tons a year project before the end of this decade, lifting annual production capacity to 142 million tons by 2030, the country’s Energy Minister Saad Al-Kaabi said Sunday.

The expansion opens the way for the Middle Eastern country to secure a dominant long-term role in global exports. It has already signed a succession ...

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