Qatar Plans Investment in Australian LNG

Qatar Petroleum plans to invest in Australian liquefied natural gas (LNG) sector to take advantage of the booming industry, Reuters said quoting  a company official.

"I think we are exploring all geographical places that would really achieve our business objectives and Australia definitely is an important proposition where maybe we will be able to find good investment opportunities," Abdulrahman Al-Shaibi, director of finance at Qatar Petroleum, told Reuters on the sidelines of a conference in Dubai.

Australia is now the fourth-largest LNG exporter and is already China's biggest supplier, with liquefaction capacity forecast to increase five times from current levels to 100 million tonnes per annum (mta) by 2020.