“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
“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.