Qatar feels heat of competition in Asian market

Data for H1 2016 confirm the extent of competition in the global market for liquefied natural gas and shifting market trends in critical Asian LNG markets. Australian LNG exports just outpaced Qatari sales to the region, for the first time since H2 2010. Demand from Japan, South Korea and Taiwan continued to decline, and while Chinese imports continue to grow, this is insufficient to offset the wider regional downturn.