The United States and Qatar are duking it out for supremacy in the global liquefied natural gas (LNG) market. While Qatar’s star is rising, American producers have a few aces up their sleeves that could give them an edge.
America and Qatar each have a 20% share of the 400 million tons a year LNG market. Australia is the other major exporter, but it is likely at or near its peak output due to gas reserve issues and growing domestic demand. Russia, meanwhile, had grand ambitions – and the vast reserves to fulfill them – but sanctions have crippled its prospects.
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