HE Eng. Saad bin Sherida Al-Kaabi, Minister of State for Energy Affairs, President and CEO of Qatar Energy, participated in the twelfth annual conference of LNG producers and consumers, which was held in the Japanese capital, Tokyo.
In his keynote speech during the conference, delivered remotely using visual communication technology, His Excellency stressed the need for a clear roadmap with specific goals to achieve a just and efficient transition to low-carbon energy with a realistic and stable path that reduces the size of the global carbon footprint.
His Excellency added: “I invite everyone around the world who advocates a rapid transition to low-carbon energy to take into account that the world needs a just and effective transition through a realistic and stable path that wisely balances the prosperity of humanity and the protection of the environment. The focus should not be limited to the needs of rich and developed countries only, but priority should be given to the needs of developing countries.
His Excellency Minister Al-Kaabi said: “We need 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. We strongly believe that gas will be essential as a safe and reliable energy source to meet heavy loads and as part of most countries’ energy mix for decades after 2050.”
Highlighting the challenges facing the energy sector, His Excellency Minister Al-Kaabi 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 said: “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 Energy projects will contribute about 40% 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% 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 Consumers and Producers Conference has been an annual event for global dialogue since its inception 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.
