Qatar is cutting prices for its gas and expanding into the Asian spot market as it seeks to maintain its number-one position in exports of liquefied natural gas. According to unnamed sources cited by Bloomberg, the country has shifted its priority from prices to market share, hence the price undercutting and the push ahead with a production capacity expansion worth $29 billion. The goal is to increase LNG exports by 50 percent. With this strategy, Qatar threatens the commercial viability of new LNG production capacity projects in the rest of the…
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