VOL. XLVI

No 7

17-February-2003

QATAR

Moodys Ras Laffan Downgrade Disappointing, But Unlikely To Curb Interest In Qatars Projects

When Moodys placed Qatars Ras Laffan Liquefied Natural Gas Company (RasGas) and Oman LNG (OLNG) on review for a possible downgrade on 26 November last year (MEES, 2 December 2002) as a result of the increased probability of a war in the region and the escalation in global terrorist threats, the market reaction was one of surprise. That surprise turned to disappointment...