QP highlights Qatar’s leading position in global gas and LNG industry at Gastech 2018 in Barcelona; Spain’s king visits Qatar Petroleum stand at Gastech
Qatar believes in the increasing importance of gas as a clean source of energy and will continue to play a leading role to help ensure security of supplies, said QP president & CEO Saad Sherida al-Kaabi.
Participating in the ‘Global Leaders’ Panel’ at Gastech 2018 Conference & Exhibition in Barcelona, Spain, yesterday, al-Kaabi said, “We are achieving great progress in implementing the plans we announced last year to increase Qatar’s LNG output by 30% from 77mn to 100mn tonnes a year. This is a considerable production increase that would help meet future global demand for clean energy,” he added.
In his address at the session, al-Kaabi said, “Due to its environmental qualities as the cleanest fossil fuel, natural gas is playing an increasing key role, not as a transition fuel, but rather as a destination fuel. At the same time, many countries around the world are placing greater emphasis on natural gas as a strategic source of energy and an important element of its national energy security.”
Al-Kaabi highlighted the main elements that are helping the increase in demand for LNG, particularly from China and India, as well as other Asian and African Countries.
He also said diminishing production in Europe means additional and continued demand for LNG; and added that while some of the gas deals to meet that demand will be short-term, the bulk will be long-term.
At the Global Leaders’ Panel at the conference, al-Kaabi was joined by chief executives from PetroChina, Gazprom, Royal Dutch Shell, Exxon Mobile Gas & Power Marketing Company, Repsol, and Vitol to discuss “the Transitional Impacts of the New Energy Landscape on the Gas Industry”.
Qatar Petroleum highlighted Qatar’s leading position in the global gas and LNG industry by taking part as the ‘Strategic Partner’ of the Gastech 2018 Conference & Exhibition.
Al-Kaabi was earlier at hand to receive King Felipe VI of Spain as he visited Qatar Petroleum’s pavilion at the official opening of the Gastech exhibition.
Al-Kaabi briefed King Felipe VI on Qatar Petroleum and the role it played in Qatar’s economic and industrial development and in helping meet the world’s demand for energy.
The pavilion at the Gastech 2018 exhibition prominently features Qatar Petroleum’s extensive operations in the oil and gas industry, LNG production activities of Qatargas, and Nakilat’s LNG shipping capabilities.
In addition to Qatar Petroleum’s role as the event’s lead sponsor, Qatargas is also a “Gold Sponsor”, while Nakilat is an “Associate Sponsor” of Gastech 2018.
On the sidelines of the conference, the Qatar Petroleum president & CEO held a series of meetings and talks with a number of senior international energy leaders and executives, including Cesar Abi Khalil, Minister of Energy & Water (Lebanon); Dr Josu Jon imaz, CEO, Repsol; Keith Martin, Global CEO, Uniper Energy; Leonid V Mikhelson, director & chairman of the Management Board of Novatek; and Russell Hardy, Group chief executive of Vitol. Discussions during the meetings covered various aspects of co-operation in the energy field.
The four-day event, which is scheduled until September 20, features a multi-streamed conference with over 350 speakers and 250 technical presentations as well as an international exhibition that has attracted the participation of over 700 exhibitors from more than 90 countries worldwide.
Gastech 2018 hosts all the major players in the global gas and LNG industry, confirming the event’s reputation as the most important meeting place for professionals representing the upstream, midstream and downstream sectors of the industry.
Al-Kaabi (right) at a panel session at Gastech 2018 Conference & Exhibition in Barcelona, Spain yesterday.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Deal signed to streamline rule-making
Singapore is giving it another try to embrace Islamic finance growth
Saudi cinema renaissance put on hold
Saudi’s PIF backs stocks to limit market crash after Khashoggi murder
Europe markets sink on geopolitical risks
Economic relationship driving force behind Qatar-Japan strategic partnership: Al-Sada
QIC posts 54% surge nine-month profit to QR474mn
Four of seven sectors witness buying interests on QSE
Oil decoupling creates stress test for imperilled Russian economy