Qatar recently became the largest
liquefied natural gas (LNG) exporter in the world. The country’s economy is solely dependant on its hydrocarbon wealth which is presently reaping huge dividends following years of technological investment through joint-venture projects.
On average Qatari’s have the biggest spending clout in the world –$88,559/year compared with $47,284/year in the USA and $34,920/year in the UK. This is mainly thanks to a population just shy of 2m. people and wealth from 77m. tpa production of LNG in 2010. But the figures serve to highlight Qatar’s economic rise.
The country is looking to redirect this wealth into developing a commercial scale electric vehicle (EV) industry using the LNG blueprint.
“We recognise that the automotive industry is moving forward rapidly from internal combustion engines to more fuel efficient, low emission vehicles and eventually to vehicle...