Keeping Qatar's Star Shining: Despite Doubts about the Prices It Will Find for Its Liquefied Natural Gas, the Outlook Appears Bright for Qatar as Its Growing Hydrocarbons Economy Delivers a War Chest to Invest in Diversification Projects

Mirza, Adal, MEED Middle East Economic Digest

The strength of Qatar's economy is based on the country's massive oil and gas reserves. As with its Gulf neighbours, the diversification of the economy away from these finite resources is a top priority for the state.

Qatar aims to increase the role of its non-hydrocarbon sectors to 80 per cent of the economy by 2015. It is an ambitious time frame.

Rising production of liquefied natural gas [LNG) allowed the Qatari economy to ride out the global economic storm of 2009, posting a real growth in gross domestic product (GDP) of 9 per cent.

Following a decade of massive investment in the energy sector, Qatar is reaching the end of an aggressive programme to become the world's largest exporter of LNG. It currently produces 54 million …

Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information: Article title: Keeping Qatar's Star Shining: Despite Doubts about the Prices It Will Find for Its Liquefied Natural Gas, the Outlook Appears Bright for Qatar as Its Growing Hydrocarbons Economy Delivers a War Chest to Invest in Diversification Projects. Contributors: Mirza, Adal - Author. Magazine title: MEED Middle East Economic Digest. Volume: 54. Issue: 26 Publication date: June 25, 2010. Page number: S20. © 1999 MEED Middle East Economic Digest. All Rights Reserved. COPYRIGHT 2010 Gale Group.

This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.