Al-Kaabi also said binding LNG supply contracts were not required for an FID to be taken and that the selling strategy for the new volumes could be flexible. 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 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 .