Qatar, the world’s biggest exporter of liquefied natural gas, said Monday it was unhappy with current global prices, which have soared to record highs.
“I am not happy that gas prices are high,” Energy Minister Saad al-Kaabi told a news conference.
High prices, he said, “have a negative impact on consumers, and customer satisfaction is paramount to me.”
Kaabi added: “If consumers are not happy, they will not buy.”
Low energy prices during the Covid-19 pandemic are expected to reduce Qatar’s budget surplus and lead to a deficit for 2021, as the government forecast in December.
Since then gas prices have risen while oil prices have reached their highest levels in years. This situation has raised global concerns about rising inflation and soaring domestic energy costs.
Demand for gas is rising in Asia, especially from China, Qatar’s main consumer. [vm/jm]