New oil supply will weaken Qatar’s grip on energy markets by the second half of the decade, which may knock some of the swagger out of the high-spending nation, but the fallout is likely to be limited.
The emirate is used to twists in energy markets. The multi-billion dollar expansion of its liquified natural gas facilities, completed last year, was expected to cater to US demand. That market is now almost self-sufficient.
But growing demand from Asia has been further boosted by the shutdown of nuclear power plants in Japan following last year's earthquake, which increased the country's reliance on gas.
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