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Qatar Getting Ready For LNG Expansion
Qatar has made no secret of its ambition to expand its liquefied natural gas (LNG) facilities and now it’s preparing to tender for energy companies that are seeking a stake in the project, Reuters reported.
According to the news provider, industry sources have revealed that in addition to its long-standing partners, a number of new firms are hoping to get involved. Chevron, Equinor and Eni are just some of the names that have been mentioned.
The project itself will involve growing its LNG facilities by more than one-third in the coming five years. Qatar already lays claim to the world’s largest LNG facilities, so this would ensure it remains ahead of the pack.
The nation is currently seeking foreign partners to work on the construction of a fourth LNG train. When this is completed, it will see production in the nation climb to 110 million tonnes a year (mtpa), up from the current 78 mtpa.
But it isn’t only Qatar that is looking to boost its LNG facilities. Germany looks set to expand its LNG facilities along its coastline, with Petroleum Economist recently reporting that the government is supportive of LNG expansion, particularly as Dutch imports of the fuel are expected to fall.
Three large-scale regasification terminals are on the cards, as well as a smaller project that will only provide bunkering and LNG supply to industrial customers via trans-shipment, truck and rail, the news provider explained.
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