Qatar’s LNG ramp up to see $35bn greenfield investments - The Peninsula Qatar:
The global oil and gas industry’s investments in new projects are set to double in 2019, with Qatar, the UAE and Saudi Arabia fueling growth. Qatar which has plans to boost its LNG capacity to 110 million tonnes per annum (million tpa) will require more than $35bn in greenfield investments, making it one of the biggest projects to be approved in the region over the last decade, according to Rystad Energy forecast.
Rystad is an independent energy research and business intelligence company providing data, tools, analytics and consultancy services to clients exposed to the energy industry across the globe.
Rystad Energy forecasts that projects involving more than $240bn in greenfield investments will be sanctioned in 2019, with almost 25 percent expected to come from the Middle East region.
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