H E Dr Mohammed bin Saleh Al Sada (fifth left), Minister of Energy and Industry, with other officials at the four-day Arab Energy Conference being held in Marrakech, Morocco, yesterday.
DOHA: H E Dr Mohammed bin Saleh Al Sada, Minister of Energy and Industry, has addressed the opening session of the four-day Arab Energy Conference (AEC) that kick-started in Marrakech, Morocco, yesterday.
Participating in the opening session of the eleventh AEC on ‘The visions of the Arab countries on the energy strategy,’ Dr Al Sada said the vision of the energy strategy in Qatar is derived from the country’s ambitious Qatar National Vision 2030, which is aimed to provide high sustainable living standards for its people and the generations to come. He said that the final result of Qatar National Vision for the energy sector is the optimal utilisation of natural resources and overcome the challenges of development.
Among the challenges to be addressed in the energy sector is the expansion of the use and development of renewable energy and complementary to major energy sources such as oil and gas, Dr Al Sada stressed.
Qatar aims to add renewable energy sources to its current mix for domestic use. This will include using solar energy to generate between 700 and 750 megawatts per hour to feed the main grid, Dr Al Sada said.
The Minister, who is heading the official Qatari delegation, also Chaired the first ministerial session entitled “Changes in Oil and Natural Gas Markets and their Implications for Arab Oil Exporting Countries”.
In his address, he highlighted the challenges facing the global energy sector.
It is estimated that the future demand for oil will continue to rise to reach a peak of 113 million barrels per day by 2040. He pointed out that this would require a massive investment of at least $11trillion in the field of oil production between 2018 and 2040.
The theme of the eleventh edition of the Arab Energy Conference is “Energy and Arab Cooperation.” Morocco’s Minister of Energy, Mines, and Sustainable Development Aziz Rabbah chaired the conference
The discussion over four day conference will cover topics as ‘The Transformations in Global Oil and Gas Markets and their Implications for Arab Oil Exports; Energy Security as a Global Partnership; and Investment Requirements to Develop the Energy sector in Arab Countries. Discussions will also include Arab and World Energy Resources; Petroleum Downstream Industries in Arab Countries and the World; Arab Cooperation in Electric Power Field; and Energy Demand Management in Arab Countries, in addition to the issue of energy, environment, and sustainable development.
