Qatar, the world's largest exporter of liquefied natural gas (LNG), said it was “not happy” with the high price of natural gas and was “concerned” about the low level of global storage.

Qatar Energy Minister Saad Al-Kaabi made the above comments on Monday. Currently, a crisis has broken out in the natural gas market, prices have soared to “unhealthy” levels, and supply has not been able to keep up with the sharp rise in demand. European inventories are at their lowest level for the quarter in more than a decade.

Al-Kaabi said at a round table in Doha that Qatar is “exhausted” in terms of LNG supplies. He said Qatar produces 77 million tons per year.

Qatar plans to increase production by around 50% by 2027.