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Qatar Petroleum CEO Saad al-Kaabi said Qatar is lifting its 2005 moratorium on developing the North Field, adding capacity of 2 bcf per day starting in five to seven years. Qatar expects to lose its position as top LNG exporter to Australia this year.
Expanded Qatari output adds to a looming LNG supply wave, which is bearish for future gas prices and therefore for gas-linked fertilizer and energy costs.
web.archive.orgTom FinnApr 4, 2017After 34 past policy events, Natural Gas moved a median -1.7% over 5 sessions (38% higher; middle half -7.4% to +2.5%), and +2.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
