HE Minister of State for Energy Affairs and President and CEO of QatarEnergy, Eng. Saad bin Sherida al-Kaabi Wednesday said QatarEnergy will be the largest LNG trader in the world within five to ten years.
Giving a speech at the London Energy Intelligence forum, HE al-Kaabi said
huge quantities of Qatar's gas production will be sent to Europe in the coming period, noting that QatarEnergy has adopted a successful partnership model that put it in its current position and proved that it can do this task alone. QatarEnergy does its business on a fully commercial basis and is no longer a governmental company, he explained.
HE the minister expected that energy prices in general will remain high in the foreseeable future, without reaching their peak soon, not even in the next 20-30 years.
He attributed the reason for the energy crisis in Europe to the goals that it set for itself by reducing net carbon emissions to zero, as well as adopting the idea that renewable energy sources can replace natural gas, noting that this is the reason why Europeans pay unreasonable prices for energy, adding that gas is not a transitional fuel, but a final destination.