Qatar’s share of the LNG market is being threatened by rising exports of the fuel from the likes of the United States and Australia, but the Middle Eastern country still has tricks up its sleeve to remain a key supplier over the years to come. Qatar’s decision to lift its moratorium on developing new capacity at the North Dome field has sent a clear signal to its competitors that it is prepared to boost gas output from the acreage and increase exports if needed. Meanwhile, Qatar is becoming more strategic in marketing its cargoes, which will help it maintain its importance as an LNG player.
Qatar expects the global LNG glut to last until 2020 and possibly beyond, potentially creating new demand opportunities for the fuel. Consequently, the country has become one of the first LNG suppliers in the Middle East and Africa to offer flexible supply contracts, which cater for the needs of price-sensitive customers. Qatar is also taking stakes in LNG import and export projects to boost its flexibility as a supplier.
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