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Expansion plans for LNG production between Qatar and Western energy firms have been delayed by several months. The delays come as the global oil industry is reeling from the effects of the Coronavirus and the oversupply of the U.S. gas market. Qatar sits on the largest reserve of natural gas in the world and had announced that they planned to expand production by 60 percent by 2027, instead of the originally planned 40% increase. Qatar expected to announce the names of the Western firms at the beginning of 2020, but they are delaying the announcement until at least the middle of 2020 to shore up potential valuations and equity in the investment.

Partnership between Qatar and Energy Firms delayed due to global price collapse.

Expansion plans for LNG production between Qatar and Western energy firms have been delayed by several months. The delays come as the global oil industry is reeling from the effects of the Coronavirus and the oversupply of the U.S. gas market.

Qatar sits on the largest reserve of natural gas in the world and had announced that they planned to expand production by 60 percent by 2027, instead of the originally planned 40% increase.

Qatar expected to announce the names of the Western firms at the beginning of 2020, but they are delaying the announcement until at least the middle of 2020 to shore up potential valuations and equity in the investment.

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