DUBAI — Qatar Petroleum will postpone the start of production from its new gas facilities to 2025 due to a delay in the bidding process, but is not downsizing the world's largest liquefied natural gas project despite concerns of a mounting glut, its chief executive told Reuters. Saad al-Kaabi said the company is not scaling back a plan to build six new LNG production facilities, known as trains, needed for an ambitious domestic scale-up, though commercial bids from contractors and the start of output will be delayed. QP, the state-run LNG producer in the world's top supplier of the fuel, had wanted to lift its output to around 110 million tonnes per annum by 2024 from today's 77 mtpa, as the first phase of its expansion. Kaabi said the company had been expecting to receive final bids from contractors for the first phase - the North Field East project, which will involve the construction of four trains - this month.

Source: International New York Times April 06, 2020 16:18 UTC