BMI View: Fuelled by the world’s third largest proven gas reserves, Qatar has dramatically expanded export capacity to become the largest supplier of liquefied natural gas (LNG) globally. Rising competition, led for now by Australia but also from East Africa and North America, will pose a challenge to Qatar’s hold on the global gas market later in the decade. Qatar is responding by making increasing efforts to protect its revenue stream by expanding its downstream network, including additional investments in gas-to-liquids, as well as expanding the international presence of the national oil company to offset what will likely be slow …
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