Qatar, which holds the world’s third largest gas reserves (14%, after Russia 27% and Iran 15%), is boosting its overall production capacity, especially for Liquefied Natural Gas (LNG).
Qatar shares the world’s largest gas field (known as the "North Dome" ) with Iran. In just a few years, it has become the world’s leading exporter of liquefied natural gas, far ahead of Russia, Canada and Norway.
Qatar aims to become theworld’s biggest producer of GTL ("Gas-To-Liquids": a technology for converting carbon compounds such as coal and natural gas into petroleum products).
Moreover, Qatar has embarked on an ambitiousindustrialization program. For instance, in April 2010, Qatar inaugurated:
In addition, the announcement in December 2010 that Qatar will host the 2022FIFA World Cup paves the way for huge building and infrastructure development projects. Industry experts estimate that approximately $100 billion will be invested over the next 12 years: