Qatar has become the world’s top natural gas exporter, exceeding the US as demand for fuel and gas has increased since Russia’s invasion of Ukraine in February.
According to ship-tracking data compiled by Bloomberg news agency, Qatar’s exports of liquefied natural gas (LNG) surpassed 7.4 million metric tons in April, and the gulf nation became the global top LNG exporter.
The outlet also reported that Qatar is looking to expand LNG projects to meet the rising demands of European countries and others as the world is trying to find alternatives to reduce dependence on Russia’s gas import.
“During the winter months, low temperatures, including the desire of the EU to cut dependence on Russian energy lead to the rise in the demand for gas that also resulted in a surge of fuel prices,” Bloomberg added.
According to Bloomberg’s report, the US lessened demand for gas at the end of the winter season which caused a decrease in their production.
Qatar has recently said that it has signed several gas agreements with Asian countries and it was difficult for Doha to help Europe steer away from dependency on Russian gas.
Meanwhile, Qatar revealed a plan to complete a colossal export project by the end of this decade, in which it will become the number one gas supplier in the Middle East.
Qatar’s capability to replace the Russian gas export to Europe would provide the gulf state with a strong position and immense influence in world affairs.
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