Global LNG prices show no signs of easing their downwards trajectory as the Covid-19 pandemic exacerbates the pre-existing oversupply. Yet Qatar continues to demonstrate a willingness to absorb low prices and has actually increased LNG exports over the first half of 2020, re-establishing itself as the global No.1 in the process.
Having been overtaken by Australia as the world’s largest LNG exporter in the second half of 2019, this year was widely expected to be the year in which Qatar lost its crown as No.1 on an annual basis. It is not shaping up that way just yet. (CONTINUED - 948 WORDS)