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Article: Qatar's Energy Base.
- Article from:
- APS Review Downstream Trends
- Article date:
- August 31, 2009
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The fastest growing economy in the world, Qatar has invested heavily in its energy sector which depends mostly on natural gas. Domestic energy consumption in 2009 is expected to average 17m t/y of oil equivalent, up from 15.3m t/yoe in 2007 and 13m t/yoe in 1993.
All the six Arab Gulf Co-operation Council (GCC) states except one - Qatar - face power shortages and budget deficits this year. Incredibly with their giant reserves, these countries, do not produce enough gas to meet their demand for electricity. Qatar is to have a very small budget deficit, from surplus in the previous years. It has a surplus of electricity for export to fellow GCC states.
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