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Qatar accelerates LNG development as World Cup effect fades

Gulf country expands production capacity to fill Russia-sized hole in the market
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Qatar accelerates LNG development as World Cup effect fadesOnce the world’s largest LNG exporter, the country now faces competition from Australia and the US (Image: Karim Jaafar/AFP via Getty Images)

After a decade of infrastructure investment and development spending in support of the 2022 Fifa World Cup, Qatar’s hydrocarbon sector is once again set to be the primary driver of the country’s economic growth in the coming years. 

And while the country continues to stress its commitment to the diversification of its economy away from a reliance on energy revenues, Qatar’s slow start compared with its regional peers, combined with the sheer size of its liquefied natural gas ambitions, suggest such a shift remains a distant prospect.

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