Qatar doubles down on LNG amid energy market volatility.

The oil and gas sector has been the dominant driver of Qatar's economy. Over the years, although that sector has remained the major focus of Qatari investments, the emphasis has increasingly shifted towards the expansion of the country's gas production and liquid natural gas (LNG) export capacity.

Qatar's North Field and its vast recoverable reserves of offshore gas have served as the engine of the country's rapid economic transformation. Revenues from gas exports, which last year amounted to $132 billion, have turned Qatar into one of the world's richest countries, with a GDP per capita of more than $84,000 at current prices; fueled the growth of the country's sovereign wealth fund (SWF), which has ballooned to...