Qatar's LNG: Impact of the Changing East-Asian Market
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Although Qatar can be compared to Estonia in terms of its area and population, the country has by today become one of the biggest exporters of natural gas and the biggest exporter of liquid gas or LNG in best binary options brokers list rating review world. Qatar only started exporting liquefied natural gas or LNG inbut the quantities have shot up by today — the LNG export capacity of Qatar in spring was 77 million tons per year.
The country has completed its big projects of increasing its liquefied natural gas production capacities and further growth in quantities should come from the technical improvement of the existing equipment.
The graph below gives a good overview of the liquefied natural gas exports of Qatar. For example, the country exported billion cubic feet This means that the liquefied natural gas exports of the country have doubled in the last two years and grown six times in the last ten years. The increase in the liquefied natural gas trader qatar to europe gas or LNG exports has helped the country catch up with the sudden increase in production natural gas trader qatar to europe that occurred in recent years.
Qatar can export gas in liquefied form anywhere in the natural gas trader qatar to europe and focus on the places where the state earns the most income for the gas. The idea at first was to ship LNG by boat to the US, which was supposed to help meet the demand of hungry Americans, but the continuously low natural gas prices in the US mean that it is more profitable for Qatar to supply its gas elsewhere, e.
In addition to these distant places, some neighbours of Qatar have also shown an interest in buying gas from the country, especially Bahrain, Dubai and Abu Dhabi. There is no reason to fear that Qatar will run out of gas any time soon.
Qatar has enough gas for more than years at current production quantities. The state invests the income earned from sales of natural gas in the diversification of its economy. The country is working on several large projects, which range from airport extension, port expansion, bridge construction e. This growth also feeds the local companies listed on the stock exchange — it was a pleasure to see that the results in the first quarter of were generally strong in Qatar.
Procurements for the construction of four more stations have been declared. The oils and lubricants recently launched by the company are popular with the locals and in addition to clients in Qatar, the company has entered into contracts to sell its products in Iraq and the United Arab Emirates. The company also hopes to sign contracts with sales agents in Jordan and Kuwait soon.
This article is published for informative purposes only and does not constitute a recommendation to sell or buy the securities mentioned. Qatar — the biggest exporter of liquid gas in the world Although Qatar can be compared to Estonia in terms of its area and population, the country has by today become one of the biggest exporters of natural gas and the biggest exporter of liquid gas or LNG in the world.
Movements of the share of the Qatar National Bank in the last year: Joel Kukemelk Fund Manager, LHV Persian Gulf Fund This article is published for informative purposes only and does not constitute a recommendation to sell or buy the securities mentioned. Natural gas trader qatar to europe up for our monthly news! Subscribe for monthly overview.