QatarEnergy’s US LNG project to start production by year-end

Doha, Qatar: QatarEnergy plans to start production of its liquefied natural gas (LNG) project in the US by the end of this year and North Field East (...

Doha, Qatar: QatarEnergy plans to start production of its liquefied natural gas (LNG) project in the US by the end of this year and North Field East (NFE) project in Qatar by mid-2026.

Speaking at the Qatar Economic Forum, during a panel discussion entitled ‘Global Energy Supplies & Security’ yesterday, Minister of State for Energy Affairs, the President and CEO of QatarEnergy, H E Saad Sherida Al-Kaabi said, “We will be LNG exporters from the US when Golden Pass comes online at the end of this year. Our LNG project in the US will start production end of this year, and our North Field East expansion project in Qatar will start production by mid-2026.”

Minister Al-Kaabi recognised the tremendous growth of QatarEnergy Trading and its future growth. He said: “Trading was something we started just a few years back. We are now trading around 10 million tonnes of LNG in physical trading. We will be producing 160 million tonnes of LNG, if you include the US, and we have 70 LNG ships in our fleet today and we will be adding 128 ships in a few years. So, all that will help our trading to thrive.”

Discussing relations with Asia, and particularly China and India, the Minister noted: “We have a great relationship with China. We are the largest supplier to China, and they are our biggest buyer. They are discussing with us additional volumes, and so is India, as well as many other countries.”

Speaking on gas exploration investments, he said: “We are one of the world’s largest companies in terms of having rights to exploration blocks around the world. We have been successful in some regions, but this is a continuous drive to explore more, and we’re really participating in new exploration blocks around the world. I am optimistic about the future, but it takes time.”