The Gulf state is moving towards becoming the largest liquified natural gas [LNG] producer by 2030.
The US emerged as the world’s top LNG exporter for the first time ever during December last year, surpassing leading gas producer Qatar, Bloomberg reported on Tuesday.
Based on ship-tracking data compiled by the news agency, Washington’s ranking came after it ramped up its exports through the Sabine Pass—the US’ biggest LNG export plant—and Freeport facilities.
The expansion of infrastructure at gas facilities together with gas deliveries to Asian countries and Europe—amid its energy crisis—lifted the US’ position as a LNG exporter. Washington’s export terminals delivered 1,043 cargoes last year, mostly to Asian nations.
However, Bloomberg noted that the US’ position remains at a vulnerable stage given that the difference in rankings between Washington and Doha was not major.
This is set to raise Qatar’s LNG production capacity from 77 million metric tonnes per year to 110 million metric tonnes per year by 2025.
In October last year, QatarEnergy [QE] announced that it began building four new LNG mega-trains that will help increase its production capacity.
Then in November, the major Qatari gas company ordered six LNG ships from two South Korean shipyards and were the latest of several planned batches. The ships are expected to meet the needs of future LNG tanker requirements for the North Field expansion project.