Overview

• QatarEnergy is in advanced discussions with Japanese firms JERA and Mitsui & Co for a long-term LNG supply deal of at least 3 million tonnes per annum.
• The deal would secure Japanese energy imports while bolstering Qatar's dominance in the LNG market amid growing competition from the US, UAE, and Oman.
• Japan, the world's second-largest LNG importer, brought in 65.89 million tonnes of LNG in 2024, with Qatar supplying just under 3 million tonnes last year.
• Qatar plans to increase its LNG production capacity by 85% to 142 million tonnes per annum by 2030 as part of its North Field expansion project.
• The negotiations reflect Japan's strategy to diversify energy sources for greater supply security, with a focus on regions like North America and the Middle East.