Amazing Qatar

Full Marks to Qatar’s Economy!

THE GAS BONANZA!


The State of Qatar is a peninsula surrounded on three sides by the waters of the Arabian Gulf and connected to the south by land to Saudi Arabia. Qatar offers businesses a uniquely central location at the hub of Middle East and European trade and heart of decision-making. Geographically, the region's immediate neighbors are UAE, Bahrain, Kuwait, Saudi Arabia and Oman.

QATAR- MARITIME SECTOR, AN OVERVIEW.

  • US $ 1 billion is generated annually by the Regional Maritime Industry!
  • Natural Gas and Oil drives the Qatar’s economy.
  • Qatar has the world’s largest LNG exporting Ports in the World- Ras Al Laffan
  • Qatar will have the world's largest fleet of Liquefied Natural Gas (LNG) carriers within five years. Qatar anticipates to have a total of about 90 LNG carriers to handle its natural gas exports over the next five years.
  • Keppel, Singapore has recently signed an agreement with Qatar Gas Transport Company to jointly develop and manage a new shipyard worth One billion US $ and that will cover the construction, repair and maintenance of ships and other marine structures. This new facility will be suitable for the repair and maintenance of very large LNG carriers and a wide range of other vessels.
  • Beginning next decade will witness some 150 new LNG tankers will be operation from Qatar. Korea's shipbuilders are expected to clinch multimillion-dollar orders to build the world's largest liquid-natural-gas tankers for Qatar. In this direction the Korean Shipbuilding majors have formed a consortium which includes Daewoo Shipbuilding & Marine Engineering, Hyundai Heavy Industries and Samsung Heavy Industries.
  • Qatar, with the world's third-largest gas reserves after Russia and Iran, is working with Exxon Mobil Corp the world's largest publicly traded oil company, to be the top exporter of LNG by 2010, beating Russia.
  • Proximity to other the regional Energy Hubs: Qatar’s proximity to other regional energy hubs including IRAN, SAUDI ARABIA, OMAN, KUWAIT, UAE will attract lot of strategic importance.
 
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