Although gas markets have faced a severe glut in the past few years, the outlook is improving fast, especially in the aftermath of Japan's Fukushima disaster and the decision by Germany to phase out nuclear power. [ID:nLDE7521NM]
"Qatar is putting energy at the forefront of its diplomacy. Libya brings them closer to Europe and to their future markets. They will be right on the Mediterranean," said the British diplomat.
With direct access to Europe, Qatar would be in a position to carve up the gas markets between itself and Russia, with which Doha enjoys increasingly friendly ties.
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