Qatar Economic Horizons Past Present Future 1

Qatar Macroeconomic Environment 2

Crude Oil Prices 3

Qatar LNG Expansion Plans 4

GDP per capita is amongst the highest in the world Qatar GDP Per Capita GDP per capita is amongst the highest in the world ($32k in 2003, $38k in 2004, and $43k in 2005) 5

Qatar GDP Composition Oil and gas is major contributor – 60% of total Manufacturing – 7% of total Oil and gas dominates Qatar’s economic structures 6

Qatar Export Composition 7

Initial Qatar Advantage World-Class Resource Political Stability Commitment to LNG 8 a

Qatar Advantage in the Late 90s Strong Financial Condition Commitment to LNG World-Class Resource Political Stability Strong Sponsors and Management World-Class LNG Port 8 b

Present Qatar Advantage World-Class Resource Strong Financial Condition World-Class Infrastructure Commitment to LNG Flexibility Political Stability Competitiveness Strong Sponsors and Management Reliability 8 c

Pure Energy From Qatar to the World Europe Korea North America Japan Taiwan India Pure Energy From Qatar to the World 9

Oil and Gas Value Chain 10