LNG Shortage Warning: Qatar's Energy Minister Speaks
Update: 2025-12-09
Description
Qatars Energy Minister, Saad al-Kaabi, warns of a potential natural gas shortage post-2035 due to insufficient investment in energy infrastructure and surging AI-driven demand. Global LNG demand is projected to skyrocket to 700 million tons per year by 2030, up from 400 million currently. Al-Kaabi also highlights the need for oil prices to reach $70-$80 per barrel to fund necessary infrastructure projects. Meanwhile, a report from the International Energy Agency predicts a record 300 billion cubic meters per year of new LNG export capacity by 2030, with the U.S. and Qatar leading the way. However, concerns about a potential LNG oversupply in the U.S. cast doubt on the future outlook.
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