Clock Is Ticking for #Qatar to Sell Its LNG - Bloomberg

Clock Is Ticking for Qatar to Sell Its LNG - Bloomberg

Qatar needs to sell a massive amount of liquefied natural gas into a market that in a few years could be oversupplied.

The world’s top exporter shocked the industry a few years ago by announcing a 60% boost in production through 2027. It was a classic move to grab market share and elbow out rivals in the US and Australia.

Since then, Qatar has found only a few buyers for the new supplies.

Part of the problem is timing. The world needs LNG now, but not so much from the middle of the decade when the start of the projects is likely to coincide with those in the US and several other places. That means buyers aren’t in any rush to sign long-term agreements with Qatar as they seek to negotiate lower rates.