The current energy market crisis could benefit Qatar and fuel a second gas boom, PwC said in a report, as cited by the Gulf Times. The world’s top exporter of liquefied natural gas three years ago surprised markets by lifting a drilling moratorium from the offshore North Field, which it shares with Iran. In 2019, Qatar then said it would boost LNG production from 77 million tons currently to 126 million tons by 2027. The decision seemed to be motivated both by growing demand for LNG and also growing competition, notably from Australian and U.S. projects. In February this year, the country decided to delay the North Field expansion amid the slump in LNG prices driven by a global oversupply, but the plan through 2027 remained. Now, Qatar is set to benefit from this glut. “The most important economic development in many years was the surprise announcement by Qatar […]