Earlier in her career, Ms. The single entity’s new marketing system will allow volumes to flow more freely between the Pacific and Atlantic basins, offering QP an edge against growing supply competition. scenario planning. Europe’s share of Qatari volumes, meanwhile, has fallen to its lowest levels in a decade due to QP’s active approach to new importers as well as price premiums in Asia. States, and an MBA with honors in finance from the University of global supply and demand outlooks, LNG trade evolution, project The main recipient of Qatari LNG was South Korea with 19.6 bcm while India imported 14.8 bcm. She has authored numerous reports. United States. Qatar’s shipbuilding ambition is aimed at facilitating its LNG export quest by providing shipping for QP and also ExxonMobil’s Golden Pass LNG. Weekly Middle East Oil & Gas News and Analysis covering Oil & Gas, Transportation, Power & Water, Refining & Petrochemicals, OPEC, Corporate, Geopolitical Risk, Economics & Finance, and Industry Data. In 2019, LNG developers made final investment decisions on a record amount of U.S. export capacity. This page displays a table with Qatar Exports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade. Some of the other LNG projects in the country include the Wheatstone LNG facility, the Arcadia gas project, and the Gorgon LNG project. the deregulating electricity business. The country's LNG exports to EU were 22.6 bcm. Exports: The top exports of Qatar are Petroleum Gas ($31B), Crude Petroleum ($17.7B), Refined Petroleum ($10.1B), Ethylene Polymers ($2.27B), and Raw Aluminium ($1.31B), exporting mostly to South Korea ($12.5B), India ($9.65B), Japan ($8.68B), China ($8.65B), and Singapore ($5.84B). PETRONAS Floating LNG (PFLNG) is another major facility that enables the processing of LNG to be carried out offshore. The LNG export capacity of the US is set to increase through at least eight LNG export terminals, which have been approved and are under construction. The United States will emerge as a competitor in terms of market share to Qatar in the coming years, having become a net exporter in 2016. Stakeholders of the three-train LNG project are Novatek (50.1%), Total (20%), CNPC (20%) and Silk Road Fund (9.9%). He also specializes in gas and LNG company strategy analysis and has authored numerous reports on Sustainability drives the entire IHS Markit enterprise. During the past few years, Qatar’s share of exports to Asia has risen while shipments to Europe have fallen. Qatar exported just 600 million cu m of natural gas equivalent to China in March, a drop of 42% on the month, while it shipped 893 million cu m to Japan, representing a 30% decrease since February. coal to LNG) are 4 incomplete looks of global market effects. With LNG exports of 91.8bcm last year, Australia stands at the second spot in the list. The £22bn Yamal LNG Project, which is located in the Yamal Peninsula, has an output capacity of nearly 16.5mtpa. Countries such as Qatar, Algeria and Norway can export LNG to Europe at a much-reduced cost, pricing the United States out of the market. In July 2019, PTT Exploration and Production Public Company (PTTEP) discovered a large gas field with its first well on the SK410B block offshore Sarawak, Malaysia. Her responsibilities include management The country operates PETRONAS LNG Complex, an integrated LNG production complex and one of the world’s largest LNG production facilities in a single location. The country’s LNG exports stood at 104.8 billion cubic metres (bcm) last year, according to the BP Statistical Review of World Energy 2019. Resources for the Future, she held commercial and analytic roles in European markets including Belgium, the United Kingdom and Spain were also significant buyers of Qatari LNG, accounting for an additional 33%. To help listeners stay abreast of changes, new developments and trends in their industry, IHS Markit experts and analysts have contributed to podcasts on timely and thought-provoking topics. Chicago, United States. All Rights Reserved, Get ahead of Interbank Offered Rate (IBOR) benchmark reform, California Do Not Sell My Personal Information. Exports in Qatar increased to 17140 QAR Million in December from 16600 QAR Million in November of 2020. Previously, she managed the gas subscriptions practice at PFC Strategic reports: In-depth research on topics that will set the stage for future LNG strategy; Global LNG exports by country vs. total capacity, 2000-2040. Ms. Benke's expertise includes competitive strategy analysis of Srinivasan previously worked at a New York brokerage firm as a Once Asian demand stabilized, Qatar diverted volumes to South Asia and the Middle East, particularly Egypt, which rapidly became a significant market. During COVID-19, IHS Markit is offering more online events for the safety of our guests. According to BP's report, last year's second biggest LNG exporter was Australia with 91.8 bcm. Customers around the world rely on us to address strategic and operational challenges. At the fifth position among the top LNG exporting countries is Russia with an export capacity of 24.9bcm. European Power, Gas, Coal, Renewables Analysis, Fuel outlooks for power, gas, coal & renewables, Power & utilities trends - supply & demand, Supply, demand & pricing trends in gas markets, Latin America Power, Gas, Coal, Renewables Analysis, Americas Power, Gas, Coal, Renewables Analysis, Russia Power, Gas, Coal, Renewables Analysis, Indian Power Market - Current Scenario & Future Growth, Era of Transition for Renewable Energy in European Union, EDM for Energy: Data Management in a Multi-Application Environment, Copyright © 2021 IHS Markit. The country imported only 74.5 Mt of LNG in 2020 (-3.7%), from Asia (23%) and the Middle East (16%). of Science in foreign service from Georgetown University and a This statistic describes the volume of the liquefied natural gas (LNG) exports from Qatar in 2015, by country. QP is well-placed to crowd out other potential new liquefaction capacity around the world—even in the US—due to Qatar’s superior economics. LNG Assets and Markets. the major players in the global gas industry, with emphasis on risk Scheduled to be commissioned in 2023, the Arctic LNG 2 project will have a capacity of 19.8mtpa. Qatar has retained the crown of world’s largest exporter of Liquefied Natural Gas (LNG) in 2017. Maintaining this status would not only enable Qatar to continue its LNG expansion, it would also allow it to displace potential rivals. US LNG exports doubled in 2019, as new LNG plants were commissioned . READ: Qatar Petroleum’s Cost Cutting Won’t Affect LNG Output, Says CEO Russia contributed 6% of the total LNG exports in 2018. Sakhalin II, which is located in the Sakhalin Island in the Russian Far East, has a design capacity of 9.6mtpa produced from two liquefaction trains. Qatar primarily exports LNG to its traditional markets in Europe and Asia, but has increasingly sent volumes to new markets since 2015. Malaysia followed … Liquefied natural gas (LNG) is the liquid form of natural gas that has been cooled to enable easy and safe transportation of natural gas to distant places that are difficult to be reached by pipelines. Exports in Qatar averaged 32952.23 QAR Million from 2004 until 2020, reaching an all time high of 124265 QAR Million in February of 2012 and a record low of 10709 QAR Million in December of 2016. Missed an event or webinar? Benke worked in various capacities in the energy industry, The company produces approximately 18.5 billion standard cubic feet per day (bscfd) of sour gas from a total of 208 wells and then supplies to 14 LNG trains and four sales gas trains onshore. For informational purposes several non-sovereign entities are also included in this list. They came mostly from the Middle East (90%). Due to this change if you are seeing this message for the first time please make sure you reset your password using the Forgot your password Link. The company produces approximately 18.5 billion standard cubic feet per day (bscfd) of sour gas from a total of 208 wells and then supplies to 14 … IHS Markit is the leading source of information and insight in critical areas that shape today's business landscape. Thanks to its low upstream costs supported by associated liquids revenue, Qatar has earned a reputation as the lowest-cost producer of LNG. We use them to give you the best experience. The PFLNG Satu is currently operating at Kanowit gas field, offshore Sarawak, while PFLNG Dua, the second floating LNG facility, is expected to be completed by 2020. Through these joint ventures, QP has long-term fixed destination deals with many of the world’s major LNG buyers. fundamentals analysis, price forecasting, company strategy and gas and LNG research practices, and he is an expert in short- and If you continue using our website, we'll assume that you are happy to receive all cookies on this website. Before the Fukushima disaster, Qatar sent close to half of its volumes to Europe; after, Qatar pivoted quickly, sending two-thirds of its exports to Asia in response. oversight of the IHS Markit LNG and LNG Analytics retainers. economics, and contracting patterns. She has covered the European gas Prior to The Doha-headquartered Qatargas is the world’s largest LNG producing company. This strategy has two benefits: first, Qatar’s contracts with established customers in east Asia will expire in the early 2020s and questions remain over their renewal; and second, the new importers help balance seasonal export dynamics for Qatar, with Japan and Korea absorbing exports during cold weather months and Middle Eastern countries doing the same during hot weather months. The IHS Markit team of subject matter experts, analysts and consultants offers the actionable intelligence you need to make informed decisions. This could force competitors seeking to bring new projects online during the planned Qatargas expansion to delay startup, given their likely inability to compete with Qatar’s attractive LNG exports price when seeking buyers. Malaysia occupies third place in the list, with LNG exports of 33bcm in 2018. A global team of industry-recognized experts contributes incisive and thought-provoking analysis. Universities, a Bachelor of Arts from Brown University, a Master of supply-side fundamentals. Qatar is the largest exporter of LNG in the world. researcher and then leader of the European gas practice at CERA, Although emerging importers like Pakistan have become increasingly important to Qatar, volumes to Qatar’s older Asian customers—Japan, Korea, Taiwan, India, and China—were also up through the first seven months of 2018 behind strong demand from South Korea and China in the early part of the year. The country also operates the world’s biggest FLNG facility, Prelude FLNG project located in the Browse Basin offshore Western Australia. The experts and leaders who set the course for IHS Markit and its thousands of colleagues around the world. Australia overtook Qatar as the world's largest exporter of liquefied natural gas (LNG) for the first time in November, data from Refinitiv Eikon showed on Monday. This strategy has two … The FLNG facility has the capacity to produce 5.3 million tonnes of liquids and condensate a year, including 3.6mtpa of LNG, 1.3mtpa of condensate, and 0.4mtpa of liquefied petroleum gas (LPG). Some of the existing LNG export facilities in the US are the Sabine Pass LNG Terminal (3.5bcfd) in Louisiana, Cove Point LNG Terminal (0.82bcfd) in Maryland, Corpus Christi Liquefaction Project (0.71bcfd) in Texas, Cameron LNG project (0.71bcfd) in Louisiana, and Kenai LNG plant (0.2bcfd) in Arkansas. She has also assessed the European In 2009, Qatar exported nearly 1.8 trillion cubic feet (51 billion cubic metres) of LNG. market for many years and authored a number of reports as Japan, South Korea, and India were the primary destinations for Qatar's LNG exports, accounting for about 57% in 2009. We have recently upgraded our technology platform. The gas, along with the associated condensate, is then transferred via subsea pipelines to shore. corporate equity analyst. Shankari has specific expertise in global gas market US FERC upholds Oregon’s denial of key permit to Jordan Cove LNG Project, IRENA and IHA partner to advance sustainable hydropower development, How digital transformation is impacting the mining industry in South Africa, Exxon caps difficult 2020 with $20.1bn fourth-quarter loss, BHP signs renewable power purchase agreement to reduce emissions from nickel refinery, North Sea firms emit coal plant worth of emissions through flaring and venting. Ms. Benke holds a Bachelor Cranfield University, United Kingdom. The North American nation contributed to 6.7% of the world’s LNG exports in 2018. Ms. which is now part of IHS Markit. Qatar: The king of LNG Since 2006, Qatar has led the world in annual LNG exports, producing a volume of 77 million tons per year (MTPY) at its … However, petroleum products imports, which were supplied by the Middle East (48%) and Asia (29%), rose by 11%. IHS Markit will resume our in-person events once it is safe to do so. By 2021, six LNG projects are slated to become fully operational, while two new projects, the Golden Pass LNG export project in Texas and Calcasieu Pass LNG project in Louisiana are scheduled to begin operations by 2025. Additionally, there are quite a few LNG projects, which have been approved but are yet to break ground. The Sabine Pass LNG Terminal, which is being developed by Cheniere Energy, will have a total of six liquefaction trains to deliver nearly 27mtpa of LNG. Sign in to the product or service center of your choice. Australia exported an estimated 77.514 million tonnes (Mt) of LNG in calendar 2019, edging out Qatar for the No.1 export title which is expected to produce 75Mt in 2019, according to data from consultancy EnergyQuest. analysis of the LNG value chain, value chain modeling, and A tighter market and a cold winter prompted a return to high Asian spot prices in late 2016, prompting Qatar to refocus on Asia. Photo courtesy of Qatargas Operating Company Limited. Bulgaria finalises deal to take part in Greek LNG terminal. While at Enron and Yamal LNG, which began operations in late 2017, sources gas produced from the South Tambey Field. She holds three degrees from US including developing analytic, strategic, and commercial expertise In 2018, global LNG trade reached 316.5 million tonnes, according to the 2019 World LNG Report prepared by the International Gas Union (IGU). Its offshore operations are located approximately 80km northeast of Qatar mainland. Qatari exports to China and Japan noticeably decreased in March, with force majeure declarations in the former a major contributory factor. State-owned petroleum company Qatar Petroleum operates what it claims to be the largest single non-associated gas reservoir in the world, North Gas Field. The country operates one of the world’s biggest LNG projects, the Ichthys LNG, which involved the development of Ichthys gas-condensate field located approximately 220km offshore Western Australia. With these moves, QP is making a concerted effort to increase its LNG capacity so that Qatar can remain the global leader in LNG exports despite rapid export capacity expansion in Australia and the United States. What could the Biden administration mean for energy in Asia Pacific? In April 2019, Novatek and Gazprombank Cryogas-Vysotsk commenced full-scale production from the Cryogas-Vysotsk LNG project in the Leningrad Region. The Doha-headquartered Qatargas is the world’s largest LNG producing company. Review the recordings of past online events. University of Pennsylvania. Be a part of a family of professionals who thrive in an exciting work environment. While its main export markets include South Korea, India, Japan and China in Asia, and Italy, UK and Spain in Europe, Qatar has moved to secure market share in emerging importers like Thailand, Pakistan, Poland, Kuwait and Bangladesh. 3 Accordingly, analyses that look narrowly at only one replacement scenario (i.e. Based on your surveyed feedback, we strive to improve our products and information continually. Its offshore operations are located approximately 80km northeast of Qatar mainland. With nine production trains, the PETRONAS LNG Complex has a production capacity of 29.3mtpa. at Centrica in the United Kingdom. With around 60% of its current contract portfolio having flexible destinations, Qatar has been able to adapt quickly to market shifts. Find the solutions you need by accessing our extensive portfolio of information, analytics and expertise. In 2018, the Sakhalin II LNG plant produced 11.41 million tonnes of LNG. Energy (now IHS Markit) for eight years. While its main export markets include South Korea, India, Japan and China in Asia, and Italy, UK and Spain in Europe, Qatar has moved to secure market share in emerging importers like Thailand, Pakistan, Poland, Kuwait and Bangladesh. Qatargas also operates the North Field Bravo (NFB) and RasGas Alfa (RGA) offshore complexes which account for nearly 2.8bscfd of dry gas to its total offshore gas production. long-term LNG market fundamentals. Such fluctuations are part and parcel, however, of Qatar’s LNG flexible export strategy. The country’s LNG exports stood at 104.8 billion cubic metres (bcm) last year, according to the BP Statistical Review of World Energy 2019. IHS Markit delivers critical analysis and guidance spanning the world's most important business issues. Broaden your knowledge by attending IHS Markit events that feature our subject-matter experts. The number of LNG exporting markets increased to 19 last year, with 2.4 million tonnes per annum (mtpa) Kribi FLNG project coming online in Cameroon. Assessing Emissions from LNG Exports 3 1 Critically, the emissions impacts of expanded LNG exports can be difficult to determine because 2 they impact activities in two or more country’s energy markets: the exporter and the importer. Our Customer Experience surveys help us deliver the necessary and effective services you demand. 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