(MENAFN- The Peninsula) QNA
Moscow: The Minister of Energy and Industry, H E Dr Mohammed bin Saleh Al Sada, has reiterated the important role played by the Gas Exporting Countries Forum (GECF) in developing the exploitation of natural gas efficiently and in raising awareness about its positive results on the environment as a result of the expansion of the use of gas as fuel.
In his speech at the 19th Ministerial Meeting of the GECF in Moscow late on Wednesday, while chairing Qatar's delegation to the meeting, Dr Al Sada stressed the importance of studies and research released by the Forum.
During the meeting, which was also attended by Qatar's Ambassador to the Russian Federation, H E Fahd bin Mohammed Al Attiyah, the Minister said that Qatar, in view of its leading position as the world's largest exporter of gas, is making strenuous efforts to fulfill its contractual obligations towards its customers. It succeeded to deliver all shipments on time, even during the current siege and without resorting to the legal provisions under the force majeure.
He pointed out that all expectations indicate that the growth rate of demand for natural gas will be the highest among other fossil fuels and will reach about 2 percent annually from now until 2030. It is also expected that natural gas will replace coal as the second largest source of energy during the same period, and that the share of LNG in the global gas trade will be equal to that of the gas pipeline business.
H E Dr Mohammed bin Saleh Al Sada (second left, front row), Minister of Energy and Industry, and energy ministers of the member states of Gas Exporting Countries Forum (GECF), at 19th Ministerial Meeting of the GECF in Moscow, posing for a group photo with the Venezuelan President Nicolas Maduro (centre).
He stressed that the decision of the wise leadership in the State of Qatar to increase the country's production of LNG in the North Field from 77 million tonnes per year to 100 million tonnes per year during the period from 2022 to 2024 was to keep pace with the expected growth in demand.
Dr Al Sada concluded by stressing the importance of the contribution of all to expand of the use of natural gas to reduce harmful carbon dioxide emissions. He also called on members of GECF to promote the use of natural gas, especially during the 23rd Climate Change Conference to be held in the German capital Berlin in November.
The Minister and his accompanying delegation also attended the opening ceremony of the Russian Energy Week, which was inaugurated by Russian President Vladimir Putin, and its opening coincided with the convening of GECF meeting.
Dr Al Sada also met with Venezuela's Minister of Energy Eulogio Del Pino, and Minister of Energy of Russia Alexander Novak. He discussed with the Russian Minister the progress made by the joint Qatari-Russian committee for economic, commercial, scientific and technical cooperation, the status of the international oil market, the Vienna Conventions and future work plans. The Minister also met with Algeria's Minister of Energy H E Mustapha Guitouni and Bolivia's Minister of Hydrocarbons and Energy Luis Alberto Sanchez, who briefed Dr Al Sada on the ongoing preparations to host the GECF Summit in Bolivia next month.
He also met with President of Russian Rosneft, Igor Sechin, where the two sides discussed cooperation in the field of energy.
MENAFN0610201700630000ID1095924047
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.