World’s largest liquefied natural gas exporter Qatar has decided to step away from the Organization of the Petroleum Exporting Countries (OPEC).
Speaking at a news conference, Qatar’s minister of energy Saad al-Kaabi, the country is set to withdraw with effect in January 20109, Reuters reports.
The decision follows Qatar’s revision of its international role as well as its long-term strategy that will put even more focus on its natural gas industry.
Al-Kaabi added that Qatar is set to attend this week’s OPEC meeting in Vienna. OPEC members will be meeting in Austria to discuss supply cuts.