Exploration & Production

Qatar eyes greater exports as North Dome moratorium ends

Qatar is intent on defending its share of LNG and gas exports after lifting a self-imposed moratorium on North Dome Qatar is intent on defending its share of LNG and gas exports after lifting a self-imposed moratorium on North Dome.
By Abhishek Kumar 7 April 2017 0 25405
Ras Laffan in Qatar. Qatar’s liquefaction plants are running at capacity. (Statoil)

Directional impact on forecast:
Bearish on LNG prices in medium-to-long term

Qatar’s decision to lift its self-imposed moratorium on developing new production capacity at the North Dome field has sent a clear signal to its competitors – namely, that the country is prepared to boost gas output from the acreage and will increase exports if needed. This raises the possibility that a significant proportion of this gas could be exported as LNG in the coming years, which may delay a rebalancing of the global...