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Qatar
Country Analysis Briefs
Background
Qatar holds the world’s third largest natural gas reserves and is the single largest supplier of liquefied natural gas. Qatar is also a member of OPEC and exports considerable amounts of oil.
While Qatar is a member of the Organization of the Oil Exporting Countries (OPEC) and is a significant oil producer, the government has devoted more resources to the development of natural gas in recent years, particularly for export as liquefied natural gas (LNG). In 2006, Qatar reportedly surpassed Indonesia to become the largest exporter of LNG in the world. Together, revenues from the oil and natural gas sectors amount to 60 percent of the country’s gross domestic product (GDP). Domestically, the vast majority of Qatar’s total energy consumption comes from natural gas (79 percent), while the balance is supplied by oil.

Country Analysis Briefs

May 2007
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