Qatar has huge natural gas resources (predominantly the North Dome field in the Arabian/Persian Gulf) and initially built a reasonably sized petrochemical business off the back of ethane and methane availability. The Qatari Government was then focused on its natural gas opportunities and these have led to a number of projects (four LNG projects) which are geared up to supply both Europe and the Far East with their energy requirements. Both GDP and industrial productivity (IPI) have seen strong growth over the past decade.
The country is now under pressure from its Middle Eastern neighbours, amidst allegations of supporting extremism. A blockade, imposed by Saudi Arabia, Bahrain, UAE and Eqypt began in June 2017 – this did temporarily effect the exports of helium. Empty helium ISO containers could not return to the country’s helium plants, so production was momentarily halted.
Report Data: 2017
Economic modernisation, the arrival of the multinationals, and the emergence of new industrial gas trends and technologies are driving change in the Middle East. What better time to explore the dynamics of the Iranian, Iraqi and GCC markets as part of a wider new industrial gas frontier?
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