Australia Overtakes Qatar as #1 LNG Exporter

[Marina Schwarz + 1,576]

Australia's done it: last month it topped the list of largest LNG exporters, ahead of Qatar. So that's why Qatar left OPEC!

[Tom Kirkman + 8,860]

Qatar plans to increase its LNG production 40% by 2022.

[John Foote + 1,135]

On 12/6/2018 at 4:20 AM, Marina Schwarz said:

Australia's done it: last month it topped the list of largest LNG exporters, ahead of Qatar. So that's why Qatar left OPEC!

Qatar just needs more infrastructure, which they are putting in place, and initiated on a grand scale a couple of years ago. The investments into LNG in Australia over the previous decade are pretty immense.

Takes quite a while to add the compression trains and port facilities for the amount Qatar is gearing up for. The easy part is drilling for the gas. Between Qatar, Australia, & the small potatoes USA export capabilities, and other projects around the world, the competitive market for LNG will become better for countries like Japan. LNG can't compete with piped in natural gas, but geography and international borders effect who can access natural gas. 

[DanilKa + 443]

On 12/6/2018 at 8:34 PM, Tom Kirkman said:

Qatar plans to increase its LNG production 40% by 2022.

and their cost of construction is a fraction of that in Australia while wells produce via 9-5/8" or 7" production tubing...

Advantage of Australia - it is not at the Middle East and fields are not shared with Iran