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‘Maxed Out’ Qatar is Unhappy Natural Gas Prices Are So High

  • If customers aren’t happy, they won’t buy, minister says
  • But Gulf state is ‘maxed out’ producing LNG: Al-Kaabi
The Ras Laffan Industrial City, Qatar's principal site for production of liquefied natural gas, north of Doha. 

The Ras Laffan Industrial City, Qatar's principal site for production of liquefied natural gas, north of Doha. 

Photographer: Karim Jaafar/AFP/Getty Images

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Qatar, the world’s biggest exporter of liquefied natural gas, said it’s “unhappy” prices are so high but is producing at maximum capacity.

The comments from Energy Minister Saad Al-Kaabi on Monday come amid a crisis in gas markets, with prices rocketing as supply fails to keep up with soaring demand. Although Qatar is spending billions of dollars to increase output, it has said it will struggle to boost production in the near term.