Qatar gas pricing policy.
With LNG spot prices dropping in parallel with oil prices, buyers have pressed Qatar to renegotiate the terms of long-term liquefied natural gas (LNG) contracts. In response, Qatar has proved surprisingly flexible, particularly to India's Petronet, seeking to lock in long-term relationships with customers ahead of a potential glut in supply that will put pressure on LNG prices whatever happens in the oil market.
Lower LNG revenue will put immediate pressure on Qatar's public finances.
Some major public infrastructure projects may be scaled back or delayed, impacting contractors.
LNG suppliers with less market clout than Qatar are likely to face even greater pressure on their contracts.
Declining supply outlook and climate change concerns may let Qatar find itself in an enviable position once again by 2020 or sooner.
