(MENAFN- The Peninsula) The Peninsula
Qatar gives a very high value to relationship with its customers, and has not missed a single shipment to its valued customers worldwide even under the most challenging conditions of the blockade currently being imposed on the country said H E Dr Mohammad Bin Saleh Al Sada, the Minister of Energy and Industry.
The Minister said this in his speech at he fourth GECF Summit in Santa Cruz, Bolivia, yesterday. Dr Al-Sada also said that Qatar intends to remain a leading player in the future as well, meeting the market demand. Hence the recent visionary directive of the Emir H H Sheikh Tamim bin Hamad Al Thani to raise Qatar's LNG production by about one third, to reach 100 million tonnes per annum and be fully operational by 2024.
The State of Qatar is participating in the Summit with a delegation headed by the Minister of Energy and Industry.
In his speech to the Summit, Dr Al Sada reviewed the history of the Gas Exporting Countries Forum (GECF), when the seeds were laid down in the 3rd ministerial meeting in Doha in 2003 with the creation of a liaison office, and then formally announced in Moscow in 2008.
The Minister also reviewed the history of the development of the natural gas industry in Qatar, and the leading position the country has assumed in two decades, thanks to the visionary leadership. He highlighted that today; Qatar is among the largest producers of LNG, with an annual capacity of 77 million tons per annum, and among the largest suppliers to the world.
Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada yesterday reviewed the history of Qatar's gas industry and its leading position in nearly two decades, at the Fourth Summit of the Gas Exporting Countries Forum in Santa Cruz, Bolivia.
Dr Al Sada, who heads Qatar's delegation to the summit, underlined that thanks to the vision of the wise leadership, Qatar has become one of the largest producers of LNG in the world with 77 million tons annually, and a major supplier to countries all over the world.
He noted that the achievements of the State of Qatar in the natural gas sector speaks for itself, expressing his pride over the strong relations with the consumer countries and the confidence that these countries give to Qatar as a reliable supplier of LNG over the past two decades on agreed timetables, even in the most challenging circumstances under the siege imposed on the State of Qatar.
Dr Al Sada stressed Qatar's determination to maintain this position in the future and its keenness to meet the growing global demand for liquefied natural gas by increasing its LNG production by one third to reach 100 million tons annually by 2024 to remain at the forefront of producing and exporting LNG to the world.
He also reviewed the history of the Gas Exporting Countries Forum, which was established during the third ministerial meeting held in Doha in 2003 with the aim of promoting dialogue among gas producing countries and between them and consuming countries, where it was officially announced in the Russian capital, Moscow in 2008.
Dr Al Sada praised the status of the Forum of Gas Exporting Countries as a leading, specialised and reliable reference organisation in the natural gas industry, as its development has been
accompanied by a significant growth in the demand for natural gas over the past 15 years, which has earned the title of the Golden Age of Gas.
Experts said that natural gas would replace coal as the second largest fossil fuel in the world, he noted.
The Forum of Gas Exporting Countries organizes every two years a summit of the member states of the Forum to discuss developments and policies related to the energy sector in general and the gas industry in particular.
The first summit was held in Doha in 2011.
The fifth summit is to be held in Equatorial Guinea in 2019.
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