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QatarEnergy’s LNG expansion targets early 2027 production amid reports of $3bn loan

QatarEnergy is advancing its LNG expansion and has reportedly secured a $3 billion (€2.68bn) loan from Chinese banks as war damage and shipping risks constrain exports. Shipments through Hormuz are recovering, but remain far below pre-war levels.

QatarEnergy's North Field East liquefied natural gas (LNG) project is on track to commence production in early 2027, according to Reuters, with the first unit expected to start up in November. The project, which includes four large production lines capable of producing 8 million tonnes of LNG annually, aims to increase Qatar's export capacity from 77 million to 110 million tonnes per year.

The expansion comes as Qatar recovers from Iranian attacks on its Ras Laffan facility in March, which damaged two LNG production units and reduced export capacity by around 17%. In addition to securing a $3 billion loan from four Chinese banks, the expansion highlights Qatar's efforts to bolster its LNG production capacity and recover from recent disruptions.

Brief written by urgent.news from Euronews Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

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