Can Qatar Really “Diversify” Away From Natural Gas?

In the game of chicken gripping the Persian Gulf, Qatar is
responding to recent overtures from its Gulf Cooperation Council
(GCC) neighbors by slamming its foot down on the gas – liquefied
natural gas, to be precise. Over the past few weeks, Qatar’s
government has been busy promoting a diversification program that
will purportedly reduce the nation’s economic reliance on its LNG
exports. Their message – borrowed from the Russian playbook – is
quite simple: the blockade, instead of being a hindrance, is an
opportunity. But…

In the game of chicken gripping the Persian Gulf, Qatar is
responding to recent overtures from its Gulf Cooperation Council
(GCC) neighbors by slamming its foot down on the gas – liquefied
natural gas, to be precise. Over the past few weeks, Qatar’s
government has been busy promoting a diversification program that
will purportedly reduce the nation’s economic reliance on its LNG
exports. Their message – borrowed from the Russian playbook – is
quite simple: the blockade, instead of being a hindrance, is an
opportunity. But…