Qatar has urged energy consumers across the globe to increasingly switch towards liquefied natural gas (LNG), which alone has four key characteristics to tackle environmental challenges.
Drawing attention to unprecedented recurrent climatic conditions, including mean temperatures, turbulent seasonal cycles and extreme events, HE the Minister of State for Energy Affairs, Saad biSherida al-Kaabi said it is time to take another look at natural gas and the number of advantages it has to make it a pivotal element in any strategy to tackle environmental challenges.
"It is versatile, flexible, economic, and clean. No other energy source can boast the combination of all these four qualities," he told the 8th LNG Producer-Consumer Conference in Tokyo.
Al-Kaabi, who is also the president and chief executive of Qatar Petroleum, highlighted the country’s efforts to reinforce its position as the world’s leading LNG producer, which include the North Field expansion to increase the LNG production capacity to 110mn tonnes per year by 2024, and a major ship-building campaign to build up to 100 LNG carriers over the next decade.
The LNG industry is very dynamic and invigorated, and it connects all corners of the world through hundreds of trade routes, and LNG receiving and regasification terminals, he said, adding, "we, in Qatar, are doing our part to keep this momentum moving forward for the benefit of our partner countries and their peoples.”
Stressing that Qatar was collaborating with many countries around the world to ensure the security of their energy supplies and the sustainability of their economic growth, he said Doha is also working with customers, industry players, and stakeholders for a sustainable, affordable and secure energy supply for all.
"Most importantly, we are providing a sustainable energy solution to environmental and climate change concerns, and responding to widespread global moves towards cleaner and more cost effective fuels," he said.
Al-Kaabi pointed out that while Japan was celebrating 50 years since the arrival of its first ever LNG cargo, Qatargas has successfully delivered the 3,000th LNG cargo to JERA’s Kawagoe Terminal.
The LNG Producer-Consumer Conference is a global annual dialogue, launched in 2012, and organised by Japan’s Ministry of Economy, Trade and Industry, and the Asia Pacific Energy Research Centre.
It provides ministers, heads of international organisations, corporate executives, and other stakeholders with a venue to share the latest trends in the global LNG market and discussing opportunities and challenges with a view to its development.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Qatar banks post 13% jump in domestic credit to QR1tn at end of February: QCB
Qatargas utilises boil-off gas to power LNG vessels
UK startup seen to provide innovative technology for 2022 FIFA World Cup
Blockchain paves the way for genuine innovation in Islamic finance
Dollar squeeze worsens in Lebanon as govt seeks aid
Gold bugs finally see their predictions of doom coming true
HSBC dividend cut stirs outrage among HK shareholders
Japan planning to launch $990bn stimulus package
‘India faces greatest economic emergency since independence’