Qatar is set to continue playing a pivotal role in shaping the future of the LNG market. The country is not only demonstrating its dominance in the energy sector but also its dedication to responsible and sustainable practices.
By prioritising emission reduction through CO2 sequestration and advocating for responsible dialogue in the energy transition, Qatar is positioning itself as a global leader in environmentally conscious energy production.
The Minister of State for Energy Affairs H E Saad Sherida Al Kaabi has said that 40% of all the new LNG that will come to the market by 2029 is going to be from QatarEnergy. Speaking during a “Leadership Dialogue” held as part of the 20th International Conference and Exhibition on Liquefied Natural Gas, Al Kaabi also gave an overview of QatarEnergy’s efforts to deal with the energy trilemma of security of supply, affordability, and sustainability by providing the world with the cleaner energy it needs for a responsible energy transition.
Qatar's ambitious goal to contribute 40% of all new LNG by 2029 sends a clear message that it recognises the demand for cleaner energy sources. While natural gas has a lower carbon footprint compared to coal and oil, QatarEnergy understands that more needs to be done to minimise emissions.
QatarEnergy's focus on CO2 sequestration is a commendable approach to combatting climate change. By capturing and storing carbon dioxide emissions, the company is effectively reducing its overall environmental impact. This commitment to responsible practices is a step in the right direction, as it addresses one of the major concerns associated with natural gas extraction and production.
Recognising the need for collective action in the energy transition, Qatar has called for a responsible dialogue. This indicates the nation's commitment to collaborating with other stakeholders, including governments, industries, and environmental organisations, to create a sustainable and equitable energy future. Qatar's willingness to engage in meaningful discussions showcases its dedication to finding solutions that balance economic growth with environmental responsibility.
Qatar will also host the International Conference and Exhibition on Liquefied Natural Gas in 2026, coinciding with the start-up of the North Field LNG expansion project and the commissioning of one of the largest Carbon Capture and Storage schemes in the world.
QatarEnergy's pledge to provide 40% of all new LNG by 2029 is not just an ambitious target; it is a testament to Qatar's commitment to sustainable energy production. By implementing CO2 sequestration and calling for responsible dialogue in the energy transition, Qatar is setting an example for the global energy industry.
