“QATAR MORE THAN CA­PA­BLE OF MEETING RIS­ING LNG DE­MANDS”

In spite of fac­ing com­pe­ti­tion from the US, Rus­sia and Aus­tralia, Qatar re­mains well placed to meet the ris­ing LNG de­mand in the re­gion, ac­cord­ing to a re­port is­sued by BMI Re­search. The rea­sons for the same were at­trib­uted to the coun­try's low pro­duc­tion

Qatar Today - - BUSINESS > OIL & GAS -

“With grow­ing de­mand for nat­u­ral gas, Asia will con­tinue to be a fo­cal point of com­pe­ti­tion for mar­ket share in the LNG space. Amid in­creas­ing com­pe­ti­tion, Qatar will look for new ex­port des­ti­na­tions in the re­gion, tar­get­ing less es­tab­lished markets such as Pak­istan, Thai­land and Bangladesh,” said the Fitch Group com­pany.

“De­spite the con­tin­u­ing diplo­matic crisis in the re­gion, Qatar's LNG ex­ports re­main largely un­af­fected by po­lit­i­cal ten­sions in the GCC re­gion.”

The BMI re­port also pointed out that, as part of ef­forts to re­duce pol­lu­tion in ur­ban ar­eas, Asia's de­mand for cleaner nat­u­ral gas is set to in­crease in the com­ing years.

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