By 2029, 40% of all new LNG supplies to be provided by Qatar, says Minister Al Kaabi

By 2029, 40% of all new LNG supplies to be provided by Qatar, says Minister Al Kaabi

QLNews
By QLNews

HE Saad Sherida Al Kaabi — Qatar’s Minister of State for Energy Affairs and the President and CEO of QatarEnergy — has hailed the growing partnership between Qatar and China in the field of energy.

He highlighted the significance of the recently signed North Field expansion project partnerships as well as LNG sales agreements during his keynote speech at the Sinopec Forum in Shanghai.

Al Kaabi said the strong growth of energy demand in Asia was powered mainly by China’s economic growth.

“Qatar has firmly supported the role of natural gas as a central component of any energy mix on the road to a realistic energy transition. We’re providing the world with the cleanest hydrocarbon source of energy, which enjoys both economic and environmental qualities to support sustainable growth and a better future.

“In fact, by 2029, about 40% of all new LNG supplies will be provided by Qatar. Therefore, we believe that a stronger relationship between the world’s largest LNG producer and the world’s largest energy consumer is a natural development of the realities shaping the energy map today.”

The Minister said he placed great emphasis on QatarEnergy’s commitment to protecting our planet and existence.

“We believe energy transition is one of the most pressing challenges of our times. It isn’t just about the environment, but also about the future of energy that touches the lives of every individual on this planet and transcends borders, economies, and cultures. It’s about a reasonable and realistic shift to cleaner alternatives to power our economies, while at the same time balancing energy security, affordability, and sustainability.

“The transition to a cleaner, more sustainable energy future cannot be achieved in isolation. It requires open cooperation among nations, industries, and stakeholders towards a common goal,” he said.

The Sinopec Forum, held on the sidelines of the China International Import Expo, was organized and hosted by China Petrochemical Corporation.

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