Qatar Year in Review 2014 | glObserver Global Economics


Despite falling oil prices, the economy in Qatar maintained a steady rate of expansion throughout 2014, with targets of even additional robust increase this year, fuelled by the non-hydrocarbon sector.

Source: globserver.cn

Qatar may feel less pain than most other major producers due to its focus on gas over oil in terms of export commodities. With much of its liquefied natural gas (LNG) exports locked in by long-term contracts, it is less vulnerable to market fluctuations; nonetheless, historically gas prices lag oil prices by six months. An additional factor supporting earnings is that most of its LNG output is shipped to Asia, which is still expected to post solid increase in 2015, thereby maintaining request for energy.

See on Scoop.itglobserver middle east

Author: globserver

Director of Eyecom china

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