Qatar and Oman will reduce liquefied natural gas (LNG) output by a combined five million tonnes in 2012, the estimates show. Qatar has increased exports every year since 1996 and started its 14th liquefaction plant last year. It plans no more. Oman's exports fell 13 per cent from 2007 to 2010 as gas was diverted for domestic use.
Middle East liquefied natural gas producers, the biggest suppliers of the fuel to Europe, are set to cut exports for the first time in 20 years amid rising local demand for power generation.
Qatar, Oman, Yemen and Abu Dhabi, which supply about 40 per cent of the world's LNG, exported at 96 per cent of capacity last year, according to the International Group of Liquefied Natural Gas Importers, or GIIGNL, a Paris-based lobby group. That will fall to about 94 per cent in 2012, according to data compiled by Bloomberg. Combined shipments from the region's four producers of the chilled gas have risen every year since 1992, according to the US Energy Information Administration.
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