# Thorpe on setting up a single regulatory authority in Qatar

Qatar has been a big winner from the unprecedented rise in global energy prices. The biggest exporter of liquefied natural gas and home to the largest proven reserves of natural gas after Russia and Iran (910 trillion cubic feet), GDP growth and living standards are accelerating dramatically. A recent CIA estimate suggested this tiny state of fewer than 1.2 m people (of whom only 180,000 are indigenous) now has a per capita income of just over $80,000, a figure expected to rise to$90,000 by 201

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