Marketing, innovations make Qatar LNG giant  

(MENAFN - The Peninsula) The interaction between marketing and technology innovations in the LNG value chain has led to Qatar's position as the world's largest supplier of liquefied natural gas (LNG).

This was stated by Hamad Rashid Al Mohannadi, RasGas Company Limited (RasGas) Managing Director and CEO in his keynote address to an audience of worldwide oil and gas executives at the CWC 8th Annual World LNG Summit in the Italian capital Rome recently.

Al Mohannadi highlighted the importance of innovation and the value of LNG players in proactively engaging all elements contributing to the energy supply balance in a presentation titled 'Innovate to Lead: A Leading Suppliers View'.

He described the innovative developments that are taking place in Qatar to maintain its commitment, reliability and leadership in LNG and its efforts to strike the right balance in its energy supply.

Qatar is currently the largest producer of LNG in the world and with 77 million tonnes of LNG per annum expected to be produced by 2011, it is estimated that Qatar will account for 30 per cent of the world total LNG supply.

"Qatar has witnessed significant developments in LNG production and supply since 1996. The country now supplies LNG to almost all the markets in the world, including Asia, Europe and the USA," said Al Mohannadi.

"The extended reach to these markets is attributable largely to the marketing and technology innovations in our LNG value chain. The interaction of these key elements has led to our position as the largest supplier of LNG in the world."

He added that success to date has allowed Qatar to embark on technology and market innovation to become an effective and efficient energy supplier and maintain the right balance in the energy supply including, world class infrastructure, diversification, competitiveness, flexibility and reliability.