LNG

Is Qatar’s new wave of LNG intended to swamp Mozambique?

Qatar and ExxonMobil may be using their market dominance to slow down the giant LNG projects planned for the east coast of Africa Qatar and ExxonMobil may be using their market dominance to slow down the giant LNG projects planned for the east coast of Africa.
By The Wildcat 7 July 2017 0 26664
A drillship off the coast of Mozambique. (Cove Energy)

News that Qatar intends to increase its LNG output by 23 mtpa within the next 5-7 years could deliver a crushing blow to Mozambique’s LNG ambitions. In fact, that could be one of Qatar’s key aims.

With Iran, the United States and Australia all ramping up gas production, Qatar can ill afford to let its position in the global LNG market be weakened by the entrance of another new supplier, or – given the diplomatic spat with its Gulf neighbours – the diminishing political influence that...