Qatar intends to remain a leading LNG player, meeting the market demand, HE the Minister of Energy and Industry Dr Mohamed bin Saleh al-Sada said, adding hence the recent visionary directive of His Highness the Emir, Sheikh Tamim bin Hamad al-Thani, to raise Qatar’s LNG production by about one-third to reach 100mn tonnes per annum, to be fully operational by 2024.
HE Dr al-Sada was speaking at the fourth summit of the Gas Exporting Countries Forum (GECF), held in Santa Cruz, Bolivia, yesterday.
The State of Qatar is participating in the Summit attended by a delegation headed by HE Dr al-Sada.
In his speech at the Summit, the Minister reviewed the history of the GECF, the seeds of which were laid down in the 3rd ministerial meeting in Doha in 2003 with the creation of a liaison office, and then formally announced in Moscow in 2008.
HE Dr al-Sada also reviewed the history of the development of the natural gas industry in Qatar, and the leading position the country has assumed in two decades, thanks to the visionary leadership.
The Minister highlighted that today, Qatar is among the largest producers of LNG, with an annual capacity of 77mn tonnes per annum — to be among the largest suppliers to the world.
He added that Qatar gives a very high value to its relationship with its customers, and has not missed a single shipment to them worldwide, even under the most challenging conditions of the blockade currently being imposed on the country.
HE the Minister praised the status of the GECF, describing it as “a well-established, internationally recognised, professional organisation, providing authoritative, well-researched information on Natural Gas.”
He added that the growth of the GECF has mirrored the growth of natural gas over the past one-and-a-half decades in what has rightly been termed as the ‘Golden Age of Gas’.
The Minister added that natural gas is forecast to replace coal as the cleanest and second-most important fossil fuel.
The GECF organises a summit every two years to discuss developments, policies related to the energy sector in general, and the gas industry in particular.
The first GECF Summit was held in Doha in 2011, the second in Moscow in 2013 and the third in Tehran in 2015.
It was announced today that the fifth summit will be held in Equatorial Guinea in 2019.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Ooredoo to showcase tech solutions at MWC
Key role for Qatar financial sector to maintain smooth money flow in local economy: OBG
Siemens to sell Healthineers stake in IPO in first half
Infrastructure spending can give momentum to Qatar’s property market
Vodafone fleet management solution enhances Huawei’s Qatar transport operations
Doha Bank hosts event on ‘customer advantage’
Doha Cables wins QR1.24bn Kahramaa contract
Biggest risk from US metal import tariffs is retaliation
Bezeq probe is said to widen, ensnaring Netanyahu associates