Economic Rise With LNG Model

Abstract

The transformation of natural gas that marked the 21st century was realised by transforming it into liquefied natural gas (LNG). Starting in 1971 with the discovery of the Northern Gas Field, Qatar's rise in LNG has heralded an important industrial and economic transformation with the first LNG transfer to Japan in 1997. The Doha administration, which stands out as a reliable partner with its infrastructure investments in the LNG sector, has managed to get the economic return of the cooperation network it has established. In this way, the revenues obtained have been transformed into investments in many areas from infrastructure to industry, health, culture, and education. Modern education cities, a global company in the aviation sector, communication and media investments have formed the basis of the partnership process with important industrial organisations. Moreover, the country has become one of the leading welfare countries in the world with its per capita income. From this point of view, it is the subject of the study that LNG trade is the main dynamo of Qatar's economic rise.