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.
Qatar, currently producing 77 mtpa of LNG has devised plans to increase the production capacity to 110 mpta.
www.lngworldnews.com
World’s largest liquefied natural gas exporter Qatar has decided...
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