Global Wrap-Up

India Business Journal - - CONTENTS -

A quick round-up of news and cur­rent af­fairs across the world

Qatar Pe­tro­leum, the largest pro­ducer of liq­ue­fied nat­u­ral gas (LNG), plans to in­crease out­put by 30 per cent within seven years. This will en­trench the Gulf na­tion's role as a ma­jor en­ergy sup­plier amid a boy­cott by a Saudi-led coali­tion of coun­tries. The State-run pro­ducer is dou­bling its LNG out­put to 4 bil­lion cu­bic feet a day. This will raise Qatar's to­tal LNG pro­duc­tion to 100 mil­lion tonnes a year from its cur­rent level of 77 mil­lion tonnes. De­mand for LNG is grow­ing faster than that for oil.

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