Is Qatar’s success sustainable in the face of global and regional uncertainty?

Qatar has an abundance of gas and has built extensively on LNG technology (photo: dpa)
Qatar has an abundance of gas and has built extensively on LNG technology (photo: dpa)

The small Emirate of Qatar has become the world’s richest nation, with the fastest growing economy in the Gulf region. Qatar has weathered the global financial crisis and the regional turmoil with high growth, reported the IMF in 2012. The Emirate’s substantial US $88,000 GDP per capita is the result of a vast natural gas wealth and a small population. This report is the third and final one in a series looking at how the Gulf States are dealing with market conditions unsettled by uncertainty in the region and within the energy sector globally. It looks at Qatar’s rapid growth which is today threatened by two major developments: the new LNG projects coming on stream and the Iranian crisis.

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