Qatar Energy Profile: Largest Exporter Of Liquefied Natural Gas In World - Analysis Eurasia Review

Qatar Energy Profile: Largest Exporter Of Liquefied Natural Gas In World - Analysis Eurasia Review:



"Qatar is the largest exporter of liquefied natural gas (LNG) in the world, and the country’s exports of LNG, crude oil, and petroleum products provide a significant portion of government revenues.



Like many of its neighbors, Qatar relies on its energy sector to support its economy. According to the Qatar National Bank (QNB), Qatar’s earnings from its hydrocarbons sector accounted for 60% of the country’s total government revenues over the past five fiscal years (through fiscal year 2012-13). The U.S. Energy Information Administration (EIA) estimates that Qatar earned $55 billion from net oil exports in 2012, and QNB estimates that the oil and natural gas sector of Qatar accounted for 57.8% of the country’s gross domestic product in 2012."



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