Qatar Third-Quarter Exports Drop 36% on Lower Energy Sale

SourceBloomberg
SectorOil & Gas
CountryQatar

A liquefied natural gas pipeline (LNG) in Japan. Photographer: Tomohiro Ohsumi/Bloomberg Photographer: Tomohiro Ohsumi/Bloomberg Follow us @middleeast for more news on the region.Qatar, the world’s biggest shipper of liquefied natural gas, posted a 36% drop in third-quarter exports as the coronavirus pandemic weighed on the sale of energy products. Exports declined to 41.1 billion riyals ($11.1 billion) from 63.7 billion riyals a year ago, according to a statement from the Planning and Statistics Authority. It was “mainly due to lower exports of mineral fuels, lubricants and related materials.” The nation’s imports decreased 16% to 21.5 billion riyals in the third quarter. ...read more...