How will Qatar’s multi-billion dollar LNG expansion impact the economy?

Qatar, the world’s largest LNG producer, is expanding output by 30% at a cost of $30bn to $40bn The impact on GDP can be split into 2 phases, (i) the investment phase (up to 2024) when new jobs will drive aggregate demand in the non-hydrocarbon economy and (ii) the increase in hydrocarbon production in 2025-26 Combined with the Barzan gas project and a 2022 FIFA World Cup boost, we expect growth to average 4.6% over the next 10 years, peaking at over 10% in 2026 The challenge for the authorities will be to make this growth stick by successfully implementing the measures they have taken to improve the business environment If the companies and people that are attracted to Qatar by strong growth in the 2020s can be persuaded to stay, the ephemeral 2030 vision of a knowledge-based economy may actually become one step closer to a concrete reality PDF report available here: 2018.06.11 – MENA Advisors – How will Qatar’s multi-billion dollar LNG expansion impact the economy Qatar, the world’s largest producer, is pressing ahead with plans to expand LNG (liquefied natural gas) output by 30%. The project is expected to add three “mega trains”, with potential to add a fourth, at a total cost of between $30bn and $40bn once all ancillary projects are taken into account. The target completion date is 2024 and the lead engineering company is already at work. Large LNG projects typically take around 5 years to complete so a swift ramp up in investment……...