Qatargas is a holding company handling the operations and marketing of seven liquefaction trains in Qatar. There are four companies that have different ownership structure, with partners including ExxonMobil, Total, ConocoPhillips, Shell, Mitsui and Marubeni.
Qatargas’ largest market is Japan, where power and utility buyers underpinned the development of the first three Qatargas trains. It has a number of short and long-term agreements with a range of buyers. In North West Europe, Qatargas has taken market positions that provided it with supply flexibility. We expect its exposure to Europe to increase as some of its mid term deals into Japan expire. Qatargas originally built capacity at Qatargas 3 & 4 with the intention of supplying LNG into US but the ramp up of shale production meant imports were no longer required – Qatargas has subsequently remarketed much of this volume to Asia.
The LNG market is set to increase by 50% between 2015 and 2020. This spectacular growth is transforming the market, with many new companies entering the sector and changing the industry landscape. LNG buyers are becoming increasingly fragmented, while the new emerging markets have smaller demand needs. This shift has increased demand for portfolio LNG supply.
This report allows you to understand how this company uses its LNG supply volumes, market access and shipping assets to create value from its LNG business. It provides an overview of the company's LNG strategy, assets, LNG supply access, LNG market commitments to give an accurate forecast of its flexible LNG portfolio.
As the LNG business continues to expand, in terms of both the number of players and the absolute volume of LNG traded, it is vital to understand the position and strategy of key suppliers and competitors.
Offering bottom up market analysis for over 150 LNG supply assets, 28 LNG-importing countries and more than 500 LNG contracts, Wood Mackenzie is the definitive and trusted resource for the LNG industry. We use our robust database and expert industry knowledge to help you understand the dynamics of the global LNG industry and identify emerging trends and opportunities.
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Company report | Dec 2015
Qatargas LNG corporate summary
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