There were times – not long ago – when such an announcement would have given gas executives all over the world wet dreams and there would have been brown stains in some gas professional undies. No more. Make no mistake – those are big beasts and they throw huge volumes of LNG onto the market. Takes time to fully ramp up a mega train but if anyone knows how to do that its QG. That being said, building and ramping up those trains is not the most important challenge QG has. Even if they are a low-cost producer, the market is bleeding right now and even mighty Qatar must feel its sting. Positively developing the market is the most pressing issue now. Making LNG enter new consumer segments, conquer new market share. Thinking outside the box will be required.
The head of Qatar Petroleum, Saad al Kaabi, said Tuesday his country's four new LNG mega trains would come online at intervals of three to six months after the first starts up in 2024.