"Qatar's Ambitious Plan to Increase Gas Output Despite Global Price Collapse"

Qatar plans to increase its natural gas production by 85% despite the recent drop in global prices, aiming to meet rising demand in Europe and Asia. The expansion will add 16 million metric tons per year to its liquefied natural gas (LNG) production, bringing total capacity to 142 million tons per year by 2030. The decision comes as Asian LNG prices have plummeted due to reduced demand, but Qatar remains optimistic about the long-term need for gas in both Europe and Asia. The expansion may not be the last, as further increases in production are not ruled out, and QatarEnergy has already signed supply deals for the project.