Increasing investments in utility projects and the growing demand for distributed power are key drivers of the Qatar market in the forecast period.
The TechSci Research’s report, “Qatar LNG Market – By Region, Competition, Forecast & Opportunities, 2028,” the Qatar LNG Market is expected to grow, fueled by rising demand for electricity generated from renewable sources. Emphasis on distributed power and utility projects is expected to boost market growth from 2024 to 2028. Increased natural gas usage in power generation is projected to drive LNG demand in various countries.
Anticipated announcements of LNG projects and development plans in the coming years, driven by growing LNG demand, will create numerous opportunities for market players across Africa, fostering a thriving LNG industry.
The Qatar LNG Market is segmented into LNG Infrastructure, Application, and Region. LNG Infrastructure includes LNG Liquefaction Plants, LNG Regasification Facilities, and LNG Shipping. Applications are segmented into Residential, Commercial, and Industrial. Region-wise segmentation covers Doha, Al Rayyan, Al Wakra, Umm Slal, Al Khor and Al Thakhira, and the Rest of Qatar.
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The Qatar LNG market is segmented by application into Residential, Commercial, and Industrial categories. Residential usage of natural gas for cooking, home heating, and electricity generation is expected to drive market expansion. Domestic appliances like heaters, ovens, and boilers fall under the residential category.
In terms of LNG Infrastructure, the market is segmented into LNG Liquefaction Plants, LNG Regasification Facilities, and LNG Shipping. Liquefaction Plants dominated the market in 2022, with Qatar, the United States, Malaysia, Russia, Indonesia, and Algeria following Australia in LNG liquefaction capacity. Australia surpassed Qatar as the largest liquefaction capacity market in 2019 and remained the largest in 2020.
Qatar’s LNG projects represent some of the largest ever in terms of capacity, with plans to increase annual LNG production capacity from 77 million tonnes to 110 million tonnes. These projects also yield condensate, LPG, ethane, sulfur, and helium in addition to LNG.
Qatar stands as one of the world’s largest LNG exporters, shipping 106.1 billion cubic meters in 2020, representing 21.7% of the global LNG export market. Australia emerged as the leading exporter by 2020, with the US and Russia following closely. Qatar has consistently exported over 100 billion cubic meters of LNG annually since 2011.
Key market players in the Qatar LNG Market include:
- Occidental Petroleum Corporation
- DAKSHIN GROUP WLL
- Anotech Energy
- Smith International, Inc.
- Gas Exporting Countries Forum (GECF)
- MPH Technical Services
- Buzwair Holding
- Delta (Doha) Corporation
- Qatar Petroleum
- Craig International
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“During the forecast period, the Qatar LNG Market is poised for growth. The industry is expected to be driven by an increase in LNG ship numbers and a rising demand for gas-powered electricity generation. Government initiatives promoting natural gas usage, reduced reliance on fossil fuels, growing adoption of LNG as a transportation fuel, expanding economic activities leading to increased product and service demand, and escalating crude oil prices are all significant growth drivers,” stated Mr. Karan Chechi, Research Director at TechSci Research.
The report “Qatar LNG Market Segmented by LNG Infrastructure (LNG Liquefaction Plants, LNG Regasification Facilities, and LNG Shipping), By Application (Residential, Commercial & Industrial), By Region, Competition, Forecast and Opportunities, 2028F” assesses the future growth potential of the Qatar LNG Market. It offers insights into market structure, size, share, and future growth, aiding decision-makers in making informed investment decisions. Additionally, the report identifies and analyzes emerging trends, drivers, challenges, and opportunities in the Qatar LNG Market.
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