When Saudi Arabia, UAE, Bahrain and Egypt imposed an economic embargo on Qatar in June 2017 they may have expected the emirate to acquiesce swiftly (MEES, 9 June 2017). But as the world’s largest LNG supplier and a major condensate exporter, amongst other liquids, Qatar always looked capable of surviving the blockade with minimal disruption (MEES, 9 June 2017).
The release of September’s trade stats shows that Qatar has now racked up five consecutive quarterly export revenue gains since the embargo started in 2Q 2017. Having accrued a $37.6bn trade surplus in 2017, Qatar has already exceeded that this year with $38.6bn over the first nine months of 2019. (CONTINUED - 699 WORDS)