Qatar's heavy investment in vertically integrated Liquefied Natural Gas (LNG) infrastructure, geographic location, cost advantage and economies of scale have allowed it to become the world's largest LNG exporter and to strategically adapt to market changes. Qatar's production capacity reached its peak of 77.5 million tons per annum as its major 20 year LNG development plan is almost finished, with average utilization rate of 95% as most production has been contractually committed.
Qatar achieved a blended LNG export price of $9.6 per million BTU in FY2011/12 while the LNG composite fiscal breakeven price in FY2012/13 budget stands at $5.6 per million BTU.
Source: Merrill Lynch – Byblos Bank
1 September
