Qatar’s economy keeps scoring high marks in matters related to the gas sector in general and liquefied natural gas (LNG) in particular. Suffice to say that Qatar is the world’s largest exporter of LNG by boosting a record 77 million tonnes per year in 2011.
According to BP’s Statistical Review of World Energy, Qatar’s LNG output accounts for 35 per cent of the total capacity in the world. Still, the same source suggests that LNG business grew by a hefty 10 per cent in 2011. Much to its credit, Qatar accounted for almost 88 per cent of global LNG growth in 2011.
Qatar’s gas industry is supported by some hard statistics. According to BP’s publication, Qatar’s share of natural gas reserves stands at 25 trillion cubic metres or 12 per cent that of the world. Only Russia and Iran possess more gas reserves than Qatar by virtue of accounting for 21.4 per cent and 15.9 per cent of the world’s share respectively.
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