Chapter 8: Global LNG mega projects and players – Qatar and Australia
In recent years, two countries have emerged as the dominant players in LNG markets – Qatar and Australia. Although Qatar is one of the world’s smallest countries, it has been the world’s largest LNG producer since 2006. Qatar’s dominance in the LNG markets was confirmed with the December 2010 announcement that Qatar had reached its long-stated goal of a combined LNG production capacity of 77 million tonnes per annum. While Qatar’s LNG production capacity would be difficult, if not impossible, for most countries to beat, Australia is giving it a try with over $200 billion of LNG projects under construction or planned. Whether Australia can catch Qatar remains to be seen but it will be an interesting race to follow.
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