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Tuesday, July 11, 2017

Gulf crisis and gas: Why Qatar is boosting output

Economic power is gradually shifting away from oil to gas-rich nations, which favours Qatar in its dispute with Saudi Arabia and UAE

Middle East Eye


Qatar may be under economic siege but it pulled an ace from up its sleeve on 4 July by announcing that it will bolster liquid natural gas production by some 30 percent.
The move will secure Doha's position for years to come as the world's top exporter of LNG.
Naser Tamimi, a Qatari energy analyst, told MEE: "It is a very significant announcement as it will put huge pressure on the LNG projects underway in countries with higher extraction costs. It is also signals that Qatar is fighting for market share."
The announcement is also seen as a shot across the bows of Saudi Arabia and the UAE, the leads in the embargo, that Qatar is not buckling under the pressure.
Roudi Baroudi, the chief executive of Energy & Environment Holding, an independent consultancy in Doha, said: "The bottom line is this was a business decision. If politics had an impact, it was in the timing: it's possible that the move was accelerated in order to signal the country's resolve and ensure that if the siege persists, more revenues will be available to help soften the blow."

To read more go to: http://www.middleeasteye.net/news/gulf-crisis-and-gas-why-qatar-boosting-output-875083485

In French, Gaz et crise du Golfe : comment le Qatar pourrait prendre le dessus:  http://www.middleeasteye.net/opinions/gaz-et-crise-du-golfe-comment-le-qatar-pourrait-prendre-le-dessus-983767993

In Arabic,ضربة موجهة للمحاصرين: لماذا تعزز قطر إنتاجها من الغاز؟
http://alasr.ws/articles/view/18788

In Spanish: Crisis del Golfo y gas: ¿Por qué Qatar aumenta la producción? http://arabia.watch/es/sept2014/geopolitica/6415/Crisis-del-Golfo-y-gas-%C2%BFPor-qu%C3%A9-Qatar-aumenta-la-producci%C3%B3n.htm

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