Qatar turns the LNG screw

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More excellent news for Australian energy prices. Qatar is flooding the global market, at the AFR:

Qatar is forging ahead with the expansion of the world’s largest liquefied natural gas project and eyeing investment opportunities overseas despite a slump in global energy demand and the collapse of oil prices.

Saad al-Kaabi, the country’s energy minister and chief executive of Qatar Petroleum, said commercial bids for the project in the North Field, the planet’s biggest natural gasfield, would be delayed because of the COVID-19 pandemic but insisted that all contracts would be awarded by the end of the year.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.