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Qatari Gas in the Post-GCC Crisis Environment
Leslie Palti-Guzman, Director, Global Gas, Rapidan Energy Group
As the GCC conflict continues, neither on the verge of full resolution nor heading toward military escalation, Qatar’s Liquefied Natural Gas (LNG) sector has adapted to a new normal and Doha is doubling down on its LNG market share strategy, targeting an ambitious LNG production goal of 100 mtpa - a 30 per cent increase by 2022-24. Qatar’s ambitious LNG expansion target is intended to pre-empt rival exporters and maintain global dominance. Even if the implementation of Qatar's growth strategy turns out to be half successful, then it will be enough to bring considerable market benefits to Europe, notably by insuring lasting competitive LNG prices and greater amounts of flexible volumes. Europe may even become an appealing destination for Qatari cargoes again as Doha repositions its trade flows, but Doha's geopolitical vulnerabilities could have lasting consequences on its ability to firm new long-term contracts, including with European customers.
Attendance at this event is by invitation only.