His Excellency Eng. Saad bin Sherida Al-Kaabi, Minister of State for Energy Affairs, President and CEO of Qatar Energy, said that gas will be essential as a reliable and safe energy source, in meeting large loads and as part of most countries’ energy mix for decades after 2050.
This came in his speech, which he delivered remotely using visual communication technology, at the twelfth conference of gas producers and consumers, which was held in the Japanese capital, Tokyo.
His Excellency stressed the need for a realistic and resolute transition to low-carbon energy, starting with the steady integration of natural gas into the energy mix of today and tomorrow, stressing the importance of having a clear road map with specific goals to achieve a fair and effective transition to low-carbon energy with a realistic and stable path that limits the size of the footprint. global carbon.
He added, “I call on everyone around the world who advocate a rapid transition to low-carbon energy to bear in mind that the world needs a just and efficient transition through a realistic and stable path that wisely balances the prosperity of humanity with the protection of the environment. The focus should not be limited to the needs of rich and developed countries only, but priority must be given to the needs of developing countries.”
Highlighting the challenges facing the energy sector, the Minister of State for Energy Affairs said: “The lack of investment in the oil and gas exploration and exploration sector remains a chronic problem that has not been resolved or overcome, which contributes to more volatility, lack of clarity and uncertainty in supply.” This lack of investment is likely to lead to increased instability in all regions of the world.
In this context, His Excellency explained, “Qatar provides the world with the cleanest available source of hydrocarbon energy that meets economic and environmental aspirations for a better future. By 2029, Qatar’s energy projects will contribute about 40 percent of the total new global LNG supplies. These projects will achieve a significant reduction “In greenhouse gas emissions, through carbon capture and storage technologies as well as the use of solar energy. Overall we are working to reduce the overall carbon intensity by about 30 percent compared to previous generation project designs.”
HE Minister Al-Kaabi concluded his speech by stressing the State of Qatar’s determination to work with its customers and partners to take advantage of the full potential provided by LNG as an essential component of a realistic and responsible transition to low-carbon energy, and to continue serious work with the various components of the energy industry to face the challenges of climate change.
The LNG Consumer and Producer Conference has been an annual event for global dialogue since its launch in 2012, organized by the Japanese Ministry of Economy, Trade and Industry, and the Asia-Pacific Energy Research Center. The conference provides an opportunity for ministers, heads of international organizations, corporate executives and other stakeholders to discuss the latest developments in the global liquefied natural gas market and discuss opportunities and challenges facing this market with a view to developing it.
