Qatar is an emirate located in the Persian Gulf. It is a small peninsula nation that borders Saudi Arabia and the United Arab Emirates. QATAR is known for its oil and gas reserves, as well as its modern infrastructure and high standard of living. 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 a key player in the Middle East since the early 2000s.