Qatar is an emirate located in the Middle East that borders Saudi Arabia. It is a small peninsula nation located on the northeastern coast of the Arabian Peninsula. QATAR is known for its oil and gas reserves, and is one of the world's wealthiest countries. It is also home to the world's third-largest natural gas reserves and the world's largest single site liquefied natural gas producer. QATAR is a major regional power and has been an important player in the Middle East since the early 20th century.