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Article: Qatar: Gas Exports May Soon Give Qatar World's Highest Per Capita GDP
- Article from:
- The Washington Report on Middle East Affairs
- Article date:
- June 30, 1996
- Author:
CopyrightCopyright American Educational Trust Jun 30, 1996. Provided by ProQuest LLC. (Hide copyright information)
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QATAR: GAS EXPORTS MAY SOON GIVE QATAR WORLD'S HIGHEST PER CAPITA GDP
BY RICHARD H. CURTISS
On Jan. 1, 1997, the State of Qatar will make its first shipment of liquified natural gas (LNG) to Japan. The gas will come from Qatar's North Field, the largest single deposit of natural gas in the world. That shipment from Qatar's Ras Laffan Liquefied Natural Gas Company (Rasgas) will represent the first return from the North Field on what eventually will be a $10 billion Qatari government investment in gas extraction, liquefaction and shipping.
This gigantic project, funded largely by Qatar's daily petroleum production of 378,000 barrels, will not begin making a profit for Qatar on its enormous ...