*Country remains focused on achieving 'highest' environmental standards in LNG industry
Natural gas will be the only form of hydrocarbons to increase its share during the next 30 years while fossil fuels will continue to dominate the global energy mix during the period, said HE the Minister of State for Energy Affairs Saad Sherida al-Kaabi.
“Today, the share of natural gas in the global energy mix stands at about 22%. By 2050, this is expected to rise to 27%, according to the outlook, which is being launched today,” al-Kaabi said during the launch of ‘GECF Global Gas Outlook 2050’ at the Sheraton Grand Doha Monday.
He said natural gas has a key role to play in addressing the global concerns on environmental pollution and climate change.
“It is versatile, flexible, economic and clean. More and more countries are moving away from burning coal and nuclear and are building infrastructure for cleaner alternatives including natural gas.
“I am often asked about renewables and whether we see them as a threat to gas. The answer is 'no'. We believe that natural gas and renewables are complementary. As the cleanest fossil fuel, natural gas comes in handy when the sun is not shining. And when the wind is not blowing.
“Energy from natural gas can be dispatched quickly in a cost efficient and effective manner. I firmly believe the combination of natural gas and renewables offer a reliable, flexible and cost-effective pathway for a lower energy emission system.
“We in Qatar are moving forward with implementing our mega projects that will see our LNG production rise from 77mn tonnes per year to 126mn tonnes per year by 2027. This will not only enhance our ability and flexibility to meet additional demand but also help the shift to less carbon-intensive energy in many parts of the world.
“In parallel, Qatar remains focused on achieving the highest environmental standards in its LNG industry to significantly reduce emissions by applying the best available industry technology and CO2 sequestration.”
Also, addressing to the audience, composed of the Forum Member Countries’ representatives, members of the diplomatic corps, experts and academia, Dr. Yury Sentyurin, Secretary General of the GECF, highlighted the importance of natural gas and its great potential as energy source for sustainable development due to the efficiency, availability, and eco-friendly nature of the resource.
In addition to these environmentally sound features of natural gas industry ecosystem, H.E. Secretary General informed that the Forum strives to prove itself as an environmental learning and knowledge sharing hub, in particular by implementing the state-of-art practices. For instance, it comes as a positive development, that the current edition of the organisation’s landmark forecast was produced at the highest environmental standards – using recycled paper and vegetable inks – for the first time in the GECF history.
To address the Global Gas Outlook key findings and advocate vital importance of natural gas in ensuring global energy security and more sustainable and resilient energy systems, the event continued with a panel discussion, where the GECF analysts elaborated on the publication’s six main chapters.
Chapters I and II introduce key global gas demand assumptions, including economic, energy price and policy assumptions, as well as environmental policy development. Chapter III highlights energy and gas demand trends, followed by supply assumptions in Chapter IV, which include global gas resources, upstream and unconventional production.
Chapter V is dedicated to global gas trade and investment outcomes resulting from the equilibrium between supply and demand. It takes into consideration gas market constraints, in terms of supply infrastructure, international supply contracts and gas supply policies (e.g. the satisfaction of domestic gas demand as a priority for some countries).
The final chapter features two alternative scenarios devised by the GECF Secretariat: 'Carbon Mitigation Scenario' and 'Technology Advancement Scenario'.
It was specifically stressed, that the results are quantified through the use of the 'Global Gas Model', which is a unique energy model developed in-house at the GECF Secretariat, and which includes different sub- models with each one focused on one segment of the gas value chain (production, pipelines, LNG, shipping, regasification, contracts and demand).
The model endogenously calculates gas demand curves and gas production profiles country by country based on corresponding assumptions and inputs. All of the sub-models have been calibrated and based on 2018 as the last available year of historical data.
“Today, the share of natural gas in the global energy mix stands at about 22%. By 2050, this is expected to rise to 27%, according to the outlook, which is being launched today,” al-Kaabi said during the launch of ‘GECF Global Gas Outlook 2050’ at the Sheraton Grand Doha Monday.
He said natural gas has a key role to play in addressing the global concerns on environmental pollution and climate change.
“It is versatile, flexible, economic and clean. More and more countries are moving away from burning coal and nuclear and are building infrastructure for cleaner alternatives including natural gas.
“I am often asked about renewables and whether we see them as a threat to gas. The answer is 'no'. We believe that natural gas and renewables are complementary. As the cleanest fossil fuel, natural gas comes in handy when the sun is not shining. And when the wind is not blowing.
“Energy from natural gas can be dispatched quickly in a cost efficient and effective manner. I firmly believe the combination of natural gas and renewables offer a reliable, flexible and cost-effective pathway for a lower energy emission system.
“We in Qatar are moving forward with implementing our mega projects that will see our LNG production rise from 77mn tonnes per year to 126mn tonnes per year by 2027. This will not only enhance our ability and flexibility to meet additional demand but also help the shift to less carbon-intensive energy in many parts of the world.
“In parallel, Qatar remains focused on achieving the highest environmental standards in its LNG industry to significantly reduce emissions by applying the best available industry technology and CO2 sequestration.”
Also, addressing to the audience, composed of the Forum Member Countries’ representatives, members of the diplomatic corps, experts and academia, Dr. Yury Sentyurin, Secretary General of the GECF, highlighted the importance of natural gas and its great potential as energy source for sustainable development due to the efficiency, availability, and eco-friendly nature of the resource.
In addition to these environmentally sound features of natural gas industry ecosystem, H.E. Secretary General informed that the Forum strives to prove itself as an environmental learning and knowledge sharing hub, in particular by implementing the state-of-art practices. For instance, it comes as a positive development, that the current edition of the organisation’s landmark forecast was produced at the highest environmental standards – using recycled paper and vegetable inks – for the first time in the GECF history.
To address the Global Gas Outlook key findings and advocate vital importance of natural gas in ensuring global energy security and more sustainable and resilient energy systems, the event continued with a panel discussion, where the GECF analysts elaborated on the publication’s six main chapters.
Chapters I and II introduce key global gas demand assumptions, including economic, energy price and policy assumptions, as well as environmental policy development. Chapter III highlights energy and gas demand trends, followed by supply assumptions in Chapter IV, which include global gas resources, upstream and unconventional production.
Chapter V is dedicated to global gas trade and investment outcomes resulting from the equilibrium between supply and demand. It takes into consideration gas market constraints, in terms of supply infrastructure, international supply contracts and gas supply policies (e.g. the satisfaction of domestic gas demand as a priority for some countries).
The final chapter features two alternative scenarios devised by the GECF Secretariat: 'Carbon Mitigation Scenario' and 'Technology Advancement Scenario'.
It was specifically stressed, that the results are quantified through the use of the 'Global Gas Model', which is a unique energy model developed in-house at the GECF Secretariat, and which includes different sub- models with each one focused on one segment of the gas value chain (production, pipelines, LNG, shipping, regasification, contracts and demand).
The model endogenously calculates gas demand curves and gas production profiles country by country based on corresponding assumptions and inputs. All of the sub-models have been calibrated and based on 2018 as the last available year of historical data.