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A Little Less Rich: Qatar Gas Dominance Challenged


Blazing gas flares 70 meters high brighten the night sky above Qatar’s Ras Laffan Industrial City. The 295-square-kilometer complex houses the world’s largest assemblage of liquefied natural gas plants and the biggest port for LNG exports on the globe. Ras Laffan chills to a fluid more gas in a year than Canada consumes and then ships it to run electric plants and warm homes from Tokyo to Buenos Aires. The gas facilities within its grounds produce almost a third of the world’s LNG exports, Bloomberg Markets will report in its May issue.

The government takes every precaution against sabotage. Entry to the Industrial City for those who don’t work there is severely restricted; photography inside the facility is forbidden. Ras Laffan is what makes Qatar the richest nation in the world, with a per capita income for its citizens of $101,000 in 2012, according to International Monetary Fund data.