Qatar is moving forward with a massive liquefied natural gas (LNG) capacity expansion in spite of the current glut in the market and longer-term questions over the role of gas in the energy transition. Qatar is betting that it can dissuade other prospective LNG suppliers and outcompete them through scale, low production costs, and co-production of condensates and liquefied petroleum gas (LPG). In launching this expansion, Qatar faces a number of looming questions—and its choices have implications for the entire LNG industry.
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