Qatar accounts for 18.8% share of global LNG exports in 2024: IGU
Qatar's 18.8% share of global LNG exports brings the joint LNG exports of the three largest exporters in 2024 to 60%, says the International Gas Union (IGU) in its latest report.
Qatar's exports slipped by 0.99mn tonnes to a total of 77.23mn tonnes in 2024, largely on par with the market's nameplate capacity of 77.1mn tonnes, IGU noted in its 'World LNG Report 2025'.
Currently, Qatar is the third largest global LNG exporter. Ahead of Qatar are the US and Australia.
Despite delays in new projects, the US defended its position as the world's largest LNG exporter in 2024, exporting a total of 88.42mn tonnes, equal to 21.5% of global LNG output and up 3.89mn tonnes from 2023.
Australia maintained its position as the second-largest exporter with export volumes of 81.04mn tonnes in 2024, up 1.48mn tonnes from the previous year, comprising 19.7% of global exports.
Global LNG liquefaction capacity grew by 6.5mn tonnes per year (MTPY) in 2024 to a total of 494.4 MTPY by year-end.
Despite capacity growth, the global average utilisation rate decreased slightly to 86.7% from 88.7% in 2023, due to maintenance, power disruptions, and a series of mechanical outages across various facilities.
In terms of liquefaction capacity, as of the end of 2024, there were 22 markets operating LNG export facilities. The US remained the market with the largest operational liquefaction capacity, at approximately 97.5mn tonnes per year, with an increase of 4.5MTPY compared to 2023.
Australia and Qatar ranked second and third with 87.6MTPY and 77.1MTPY, respectively, maintaining the same capacity as the previous year.
'The top three LNG export markets currently represent more than half of global liquefaction capacity,' IGU noted.
As of the end of 2024, there is 1,121.9MTPY of potential liquefaction capacity in the pre-FID stage, an increase of 75.3MTPY compared to 2023.
With the Russia-Ukraine conflict still ongoing and a huge decline in Russian piped gas volumes in the market, a wave of proposed liquefaction projects has emerged to offset the loss of Russian supply.
Some projects have also been fast-tracked to help meet demand. However, only a portion of pre-FID projects are going to proceed.
According to IGU, global LNG demand is projected to stay on a long-term growth trajectory on the back of a strong increase in demand from markets in Asia and Asia Pacific.
Although LNG contributes to global decarbonisation efforts by serving as a substitute for coal in power generation or for fuel oil in shipping, the LNG industry also needs to address emissions from its own supply chain.
Cost inflation notwithstanding, these ongoing decarbonisation efforts continue to manifest themselves in an ever more efficient LNG fleet and innovative emission reduction measures undertaken by LNG projects worldwide, the report noted.
© Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
3 hours ago
- Zawya
Ooredoo recognized among the world's leading telecom companies
Ooredoo continues to enhance its value and position itself as a key player in the global telecom sector through strategic, long-term investments and developing competitive, future-ready business models. Deployment of AI positioned as an essential driver for operational excellence and competitive differentiation. BCG analysis serves as a guiding framework for telecom leaders aiming to navigate the complexities of an evolving digital ecosystem and capitalize on emerging opportunities for sustainable growth and industry leadership. Doha — Qatar's Ooredoo has entered the ranks of the world's top 10 telecom operator value creators, according to the Boston Consulting Group's (BCG) 2025 Telco Value Creators Report. The milestone is attributed to $6 billion in value creation from 2020 to 2024, representing a successful transformation driven by digital innovation and strategic positioning. The BCG report, titled "Returns May Be Declining, but Opportunity Is Calling," advocates for transformative growth in the telecommunications sector, despite prevailing industry challenges. According to the analysis, Ooredoo ranks 9th based on its five-year Total Shareholder Return (TSR) from 2020 to 2024, which stands at 15%. This achievement signifies a market capitalization of $10 billion. The competitive edge for six of the top ten telecom performers from emerging markets stems from regulatory conditions and investment approaches that successfully yield a Return on Invested Capital (ROIC) outpacing the Weighted Average Cost of Capital (WACC) by 60 basis points. Nuno Gomes, Managing Director & Partner, BCG, said: "Transformations in network architectures and innovative product offerings, powered by the adoption of AI, have unlocked new pathways for significant value creation for telecom operators like Ooredoo. These advancements harness AI's potential to revolutionize the industry, marking a critical turning point for telecom providers globally to reconsider traditional operating models, considering the opportunities projected for the 2025 horizon. The findings highlight that by implementing forward-looking strategies, leading operators establish actionable frameworks for driving substantial value creation, setting a benchmark for industry success in the current competitive landscape." The report underscores the critical necessity for telecom operators to enhance value generation through a multifaceted approach: optimizing physical and network assets, adopting new cost-efficient network architectures, and innovating with next-generation products and marketing strategies. How GCC Telcos Are Leading the Shift AI and digital services are emerging as pivotal elements in the transformation toward smarter, more efficient enterprises. Investments by operators in automation, customer intelligence, and tailored AI solutions for enterprises underscore this pivotal shift. This is further propelled by strategic alliances with both hyperscale cloud providers and local startups, driving scalable, bespoke enterprise AI solutions. In parallel, sovereign cloud and data security initiatives are important within the GCC region. Operators are forging partnerships with global technology corporations to establish compliant, local cloud infrastructures, reinforcing data residency and sovereignty—critical components for adherence to compliance standards and the monetization of AI and analytics in regulated industries. "Telecommunications companies must move with agility and foresight, utilizing AI as a crucial catalyst for sparking innovation, enhancing operational efficiency, and deepening customer engagement. The success of operators like Ooredoo corroborates a forward-looking, innovation-centric investment approach, underlining the necessity for transformative mergers and acquisitions, along with advanced marketing strategies for the future," added David Panhans, Managing Director and Senior Partner at BCG The deployment of next-generation networks, such as 5G and Open RAN, are geared toward achieving operational efficiencies and incubating new revenue streams, including low-latency services integral to smart city and IoT frameworks. Efforts in edge computing and low-earth-orbit satellite partnerships aim to extend connectivity, granting telcos the opportunity to exploit untapped markets. Regarding monetization, the focus on enterprise modernization, the bundling of AI-driven services, and an infrastructure aligned with AI optimization are key components for maximizing the returns on investment in next-generation technologies. Further investments in next-gen network infrastructures align with the GCC's ambition to advance smart cities and achieve digital leadership. The Path Forward: A New Model for Value Creation Telecommunications operators could benefit from a proactive approach to optimizing their strategic assets. This involves the monetization of infrastructural assets and the simplification of business models. By exploring shared-models and cloud-based solutions for non-core assets like fixed-line networks and data centers, telecommunications operators can enhance efficiency. Additionally, mergers and acquisitions are pivotal in solidifying market presence and achieving operational synergies, driving industry consolidation towards increased profitability and market leadership. Cost and Capital Expenditure (CapEx) optimization remains at the heart of this transformative agenda, with AI and automation serving as principal levers. AI enables significant CapEx efficiency through infrastructural innovations such as Open RAN, which mitigates vendor lock-in and lowers associated expenditures while additional network-sharing arrangements can generate substantial annual cost savings. As 5G deployments mature, redirecting cash flows from these efficiencies to facilitate growth or shareholder dividends underscores a disciplined CapEx strategy. The development of next-generation network architecture takes center stage, featuring cloud-native systems, Open RAN, and edge computing. These technologies are essential to reducing costs, fostering technological flexibility, and enabling advanced applications for smart cities and the Internet of Things. In concert with this architectural evolution, sales and marketing strategies are undergoing a transformative shift towards AI-empowered personalization, enhancing interactions across both B2C and B2B domains. The blend of automated and human-driven sales interactions represents a hybrid model where AI-addressable inquiries streamline customer service, reserving high-value interactions for expert human engagement. AI is playing a dual role, reducing operational costs and accelerating growth, enabling personalized consumer offerings and sector-specific B2B tools. The telcos poised for superior performance are those merging these strategies: modernizing network and operational infrastructure, refining asset portfolios to concentrate on areas with the highest potential, and innovating customer engagement through data-driven insights. As per BCG's report, embracing cloud-native technologies, facilitating edge computing for IoT applications, and executing on network-sharing agreements, have clear-cut implications for the evolution of the telecom sector's operational and competitive dynamics. About Boston Consulting Group Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we help clients with total transformation—inspiring complex change, enabling organizations to grow, building competitive advantage, and driving bottom-line impact. To succeed, organizations must blend digital and human capabilities. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives to spark change. BCG delivers solutions through leading-edge management consulting along with technology and design, corporate and digital ventures—and business purpose. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, generating results that allow our clients to thrive. # # #
Crypto Insight
3 hours ago
- Crypto Insight
‘All systems go' for Solana staking ETF to launch any moment: Analysts
ETF provider REX Shares is on the verge of launching the first-ever Solana staking exchange-traded fund (ETF), following what analysts describe as a successful response to feedback from the US Securities and Exchange Commission (SEC). 'Rex also filed an updated prospectus, which totally filled in. Add it all up, and it appears as though all systems go for imminent launch,' ETF analyst Eric Balchunas said in an X post on Friday. SEC 'comfortable' with the unique ETF structure ETF Store president Nate Geraci said in an X post on the same day that it looks like the SEC are open to REX Shares incredibly rare c-corp business structure used in the fund, which the SEC previously argued conflicts with the 6C-11 rule, also known as 'the ETF rule.' 'Looks like they're comfortable pushing forward w/ their creative '40 Act structure,' Geraci said. 'Here we go,' he added. He previously said on May 29 that REX Shares had taken 'the regulatory end-around' with this approach. Echoing Geraci's sentiment, ETF analyst James Seyffart said the way that REX Shares structured their Solana staking ETF proposal was 'very rare in the ETF world' as it bypasses the standard 19b-4 filing process that most other crypto ETF providers have used for staking proposals, which are all still awaiting a decision from the SEC. Analysts say the SEC's comments have been addressed Geraci said, 'Looks like they believe comments have been resolved.' 'Crypto ETF summer commences,' he added. Balchunas cited an email screenshot to confirm that REX Shares have addressed the SEC's comments. 'So they are good to launch, it looks like. Wow,' Balchunas added. In a post on the same day, REX Shares said that 'the first-ever staked crypto ETF' in the US is coming soon. Staking in crypto ETFs has been highly anticipated by the industry REX Shares explained that its REX-Osprey SOL and staking ETF is designed to track the performance of Solana while generating yield through onchain staking. 'A new era of yield-generating crypto exposure is here,' REX Shares said. Staking has been a long-awaited feature by many ETF spectators in the industry. On March 20, BlackRock's head of digital assets, Robbie Mitchnick, described the firm's Ether ETF as a 'tremendous success' but acknowledged that the ETF is 'less perfect' without staking. Source:
Arabian Business
6 hours ago
- Arabian Business
Qatar recorded $116m of real estate transactions in a week
The volume of Qatar real estate trading in sales contracts registered with the Real Estate Registration Department at the Ministry of Justice during the period from June 15 to 19 amounted to QR423,674,670 ($116.3m). The total sales contracts for the real estate bulletin for residential units during the same period reached amounted to QR 59,529,651 ($16.3m). The weekly bulletin issued by the Department shows that the list of properties traded for sale included: Vacant lands Residential homes Apartment buildings Commercial buildings Shops Residential units Qatar real estate sales The sales operations were concentrated in the municipalities of Al Rayyan, Doha, Al Wakrah, Umm Salal, Al Khor and Al Dhakira, Al Dhaayen, and Al Shama l in addition to the areas of the Pearl, Lusail 69, and Ghar Thuaileb.
