There is No Strong Business Case for Canadian LNG

Bloomberg;

Qatar is unwavering in its view that the world isn’t investing enough in natural gas. And the tiny Middle Eastern nation is trying to fix that.

State-owned QatarEnergy said Sunday it will develop a 16 million-ton-a-year LNG export project by the end of the decade. That’s on top of its previously announced record-breaking expansion plans.

Altogether, the Gulf state will boost shipments of liquefied natural gas by more than 80% by 2030.

The move illustrates the nation’s conviction that demand for gas, especially in Asia, will continue rising even as the world shifts to renewables. That’s at odds with organizations such as the International Energy Agency, which sees global consumption peaking this decade.

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