Qatargas sees tighter LNG market ahead


There will be greater responsibility towards optimising the output of existing LNG projects and an altogether tighter LNG market ahead, if the recent sentiments of the Qatargas Chairman and CEO are anything to go by.

Mr. Faisal M. Al Suwaidi this week delivered a key-note address at the 24th World Gas Conference (WGC), held in Buenos Aires, Argentina from 5th-9th October 2009.

A potentially ‘tight market’ ahead was reflected upon during Mr Al Suwaidi’s presentation, titled ‘International LNG Markets: A Global Perspective’.

The Qatargas Chairman and CEO outlined the future expansion strategy of Qatargas and explained that projects in the pipeline through 2012 will not be followed by many new LNG projects until 2015 or later, while also elucidating how the market for LNG could become very tight again.

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