Qatar, the holder of the world's third-biggest gas reserves, is steadily lining up long-term international buyers for its lucrative export.
Its latest coup is a two-decade agreement signed with Argentina last week to supply 5 million tonnes of liquefied natural gas (LNG) a year, equal to more than 15 per cent of that country's natural gas demand. It follows deals with the UK, Japan and other major consumers.
Finding long-term customers is at the top of the emirate's priorities as it increases its LNG production to 77 million tonnes a year by the end of this year. 'If I get a long-term customer, I can plan my production,' said Bhaskar Majumdar, a regional energy analyst at the consultancy Frost & Sullivan in Bangalore.
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