Global natural gas industry development status and trend analysis

On the supply side, competition between traditional LNG suppliers such as Australia and Qatar and emerging LNG exporters such as the United States and Russia has intensified. In February 2021, Qatar Petroleum approved the $28.75 billion North East Project (NFE), the largest LNG project approved in recent years, which will increase Qatar's LNG production capacity to 110 million tons per year by 2025. In addition, Qatar also plans to build two new production lines with a combined capacity of 16 million tons per year from 2027. If the two production lines are successfully put into operation, Qatar's LNG production capacity will increase to 126 million tons per year after 2030.

Australian LNG developers' investment plans for 2021 include more than $10 billion in gas drilling and LNG filling projects to consolidate their position as the world's leading supplier of LNG.