Demand for liquefied natural gas will grow by at least 50% in the next decade, but there isn’t enough new supply in the works to meet that, Qatar’s Energy Minister Saad Sherida Al-Kaabi said.
QatarEnergy — the world’s biggest exporter of the fuel, which Al-Kaabi also heads — aims to double its domestic LNG capacity to 142 million tons per year by 2030, making up around one-fifth of the 600-700 million tons in total annual global demand he projects for 2035.
Driving the surge: the huge energy needs of artificial intelligence. “Every country we talk to has 10% to 20% of their demand coming from AI,” Al-Kaabi said at the Doha Forum on Saturday, adding that he’s “worried” that not enough is being invested in new LNG projects.