Nagoya, Japan: The Minister of Energy and Industry H E Dr Mohammad bin Saleh Al Sada stressed that Qatar had not missed out a single shipment to its valued customers worldwide despite the unjust and illegal siege by its neighbours since June, 2017.
The Minister was addressing the 7th LNG Producer - Consumer Conference 2018 that was held today in Nagoya City in Japan, where he emphasized that Qatar placed its relationship with its customers on top of its priority list.
Dr Al Sada expected LNG production will increase by 43% from the current 77 to 110 million tons per annum.
The Minister said that gas was forecast to be the fastest-growing fossil fuel in the global energy mix. He added that the growth rate of LNG has surpassed all other sources of energy.
This production is planned to commence by 2024, thereby largely contributing to global efforts to bridge the gap between the supply and demand of LNG, which is expected to emerge starting mid 2020s due to demand growth.
He stressed that the second wave of LNG-production, led by the addition of four world-class LNG trains in Qatar, besides upcoming substantial producing facilities in USA, Mozambique, Canada and other countries will further boost international LNG trade. Dr Al Sada said that the growing LNG trade was a second revolution of natural gas, and a natural evolution to meet the rising need for cleaner energy, delivered at the doorstep of consumers around the world.
The Minister also added that, by 2040, LNG was expected to exceed the volumes of natural gas delivered by pipeline and will make up the bulk of gas trades for the first time.
Dr Al Sada met on the sidelines of the conference with Dan Brouillette, US Deputy Secretary of Energy. The two sides discussed matters of common interest in the field of energy.
He also met with Fatih Birol, IEA Executive Director and discussed the latest developments in the oil and gas markets.
The LNG Producer-Consumer Conference is a global annual forum, providing an opportunity to promote active dialogue among LNG producers, consumers and other stakeholders with a view to deepening shared understandings of market trends and to developing the global LNG market.
