Qatari officials are either putting on a brave face or are legitimately unworried by the prospect of global gas glut as they prepare to inaugurate their first 7.8 million ton per year LNG train next Monday, a week after Russia's Sakhalin-2 project shipped a first cargo (p2).Qatargas Train 4 (Qatargas-2 Train 1) is targeting a sickly UK gas market where near-term prices sank by roughly $1 per million Btu over the last week to little more than $4/MMBtu (see map,p7).
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