Saad al - Kaabi , head of Qatar Petroleum , has predicted a " very big shortage " in the liquified natural gas ( LNG ) sector , which will occur sooner than the industry expects , echoing others who warned supply will drop significantly after 2021 . A lack of final investment decisions for new global projects is being cited as the main reason , while al - Kaabi confirmed the company expects to reach its FID on its expansion project , set to increase capacity to 100 million mt annually by the end of next year .
Saad al-Kaabi, head of Qatar Petroleum, has predicted a "very big shortage" in the liquified natural gas (LNG) sector, which will happen sooner than the industry expects, echoing analysts who warned supply will tighten significantly after 2021. A lack of final investment decisions for new global projects is being cited as the main reason, while al-Kaabi confirmed the company planned to reach its FID on its expansion project, set to increase capacity to 110 million mt annually by the end of next year.