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ESET

Qatar just threw a wrench into Trump's plan for US ‘energy dominance’

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Anyone questioning why Trump went to Poland first (it´s about liquid gas and cutting Poland from North Stream from Russia)

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Top liquid natural gas exporter Qatar announced it will hike its output by 30 percent in the coming years.

The increase overlaps with an anticipated glut in the LNG market and efforts by U.S. companies to increase natural gas exports.

LNG exports are a critical part of President Donald Trump's plans for American "energy dominance."

Qatar Petroleum on Wednesday announced plans to significantly raise natural gas production in the coming years, creating an obstacle to President Donald Trump's goal of "energy dominance."

The move threatens to add to a projected glut of liquefied natural gas, or LNG, as a wave of new projects come online in the coming years, including from the United States.

The Qatari state energy company said it will double the size of a planned project in the North Field, the massive natural gas reserve in the Persian Gulf that has underwritten the country's rapid rise to wealth.

That will allow the country to hike its total output of LNG from 77 million tons a year to 100 million tons annually some time between 2022 and 2024, according to the company.

 

http://www.cnbc.com/2017/07/04/qatar-to-boost-lng-exports-throwing-a-wrench-in-trumps-energy-plans.html

Edited by ESET

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