Qatar Says Demand for LNG is Huge (11:50am UAE)
“There is huge demand and we basically have a set capacity,” Qatar’s energy minister, Saad Al-Kaabi, said. The country is the world’s biggest exporter of liquefied natural gas and is investing billions of dollars to increase production, though the project will take years.
“They are queuing up for LNG. We have huge demand from all our customers and unfortunately we can’t cater for everyone.”
LNG prices in Asia have spiked almost 50% this month to $27.19 per million British thermal units.
“We don’t want these high prices, we don’t think its good for consumer,” he said.
“There is huge demand and we basically have a set capacity,” Qatar’s energy minister, Saad Al-Kaabi, said. The country is the world’s biggest exporter of liquefied natural gas and is investing billions of dollars to increase production, though the project will take years.
“They are queuing up for LNG. We have huge demand from all our customers and unfortunately we can’t cater for everyone.”
LNG prices in Asia have spiked almost 50% this month to $27.19 per million British thermal units.
“We don’t want these high prices, we don’t think its good for consumer,” he said.
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