# Qatari LNG development to extend LNG surplus into mid-2020s | S&P Global

> Qatar will double the size of its planned North Field development to 4 Bcf/d and raise LNG capacity from 77 to 100 million mt/year over five to seven years. The International Gas Union lists 879 million mt/year of proposed LNG projects. Global LNG capacity is set to grow about 50% between 2015 and 2020.

- Date: 2017-07-05 · published 2017-07-05T12:00:00.000Z
- Category: trade · region Qatar · magnitude medium
- Page: https://feedsoft.ai/events/70141-qatari-lng-development-to-extend-lng-surplus-into-mid-2020s-s-and-p-global
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A large LNG capacity wave is expected to depress global spot gas prices and may displace other LNG projects. This pressure eases gas-linked energy and fertilizer costs for feed producers.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-03-10 | [US LNG developers try to ride out market turmoil with China's door shut \| S&P Global](https://feedsoft.ai/events/54313-us-lng-developers-try-to-ride-out-market-turmoil-with-china-s-door-shut-s-and-p.md) | +5.3% | -4.2% |
| NATGAS | 2020-05-13 | [Factbox: US gas markets see minimal upside from rising global LNG prices \| S&P Global](https://feedsoft.ai/events/10445-factbox-us-gas-markets-see-minimal-upside-from-rising-global-lng-prices-s-and-p.md) | +10.6% | +5.1% |
| NATGAS | 2019-12-27 | [European LNG Imports Hit Record Levels as Global Market Shifts](https://feedsoft.ai/events/55766-european-lng-imports-hit-record-levels-as-global-market-shifts.md) | -4.3% | -10.3% |
| NATGAS | 2017-02-03 | [Europe set to absorb more LNG in 2018 \| LNG Industry](https://feedsoft.ai/events/72695-europe-set-to-absorb-more-lng-in-2018-lng-industry.md) | -1.0% | -14.7% |
| NATGAS | 2019-02-15 | [European LNG influx plays into Gazprom’s hands this winter](https://feedsoft.ai/events/60782-european-lng-influx-plays-into-gazprom-s-hands-this-winter.md) | +5.3% | +10.8% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/blog/natural-gas/070517-qatari-lng-development-to-extend-lng-surplus-into-mid-2020s

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.