QATAR: HE Dr. Al-Sada addressing the the Second Summit of the Heads of State and Government of the GECF in Moscow…

HE Dr al-Sada addressing the the Second Summit of the Heads of State and Government of the GECF in Moscow yesterday.

HE the Minister of Energy and Industry, Dr Mohamed bin Saleh al-Sada has stressed the importance of natural gas and said the “ideal practical way” to reduce carbon dioxide emissions lies in adopting natural gas not just as a basic alternative in energy generation, but also as the source of energy for land and marine transport.

He was speaking at the Second Summit of the Heads of State and Government of the Gas Exporting Countries Forum (GECF) in Moscow yesterday.

Despite profound international political and economical changes, energy issues continue to be at the centre of attention due to the pivotal role it plays in global stability and economic development, he said.

The changing global energy map has seen “the transformation of many countries from energy exporters to importers and vice versa, thus creating new formulae in the regional and international energy markets.”

Al-Sada said the First Gas Summit in Doha was “an important landmark for the gas industry and a turning point in the global interest in natural gas as a source of clean energy.”

“Today, at the Moscow summit, I can assure you that these principles are still valid,” he affirmed.

Al-Sada voiced Qatar’s call to all producers “to pave the way for advanced technology solutions in the safe, effective, environmental, and sustainable development of the gas industry.”

He also invited the exporting countries to “enhance dialogue, co-operation and transparency” among them, on the one hand, and to create similar levels of “trust and co-operation” with importing countries, on the other, in order to “guarantee the highest levels” of gas supply security and market stability.

“Our success will facilitate long-term investment in the natural gas industry and will create market conditions conducive to the ideal use of natural resources, thus helping achieve economic growth for everybody,” he said.

“Our member countries hold more than two thirds of the proven global gas reserves and produce 85% of the world’s liquefied natural gas. This places a heavy burden upon us to implement effective mechanisms to ensure safe production, to open new markets, and to guarantee the industry’s progress and advancement,” al-Sada told the summit.

He noted Qatar’s position as the holder of world’s third biggest natural gas reserves and the biggest LNG exporter. He said: “Since the discovery of the North Field, we have placed strong emphasis on the ideal utilisation and development of our natural resources, ensuring a sustainable development and economic growth, while continuing to export clean energy to the world.”

Al-Sada conveyed the greetings of HH the Emir Sheikh Tamim bin Hamad al-Thani and his “most sincere wishes” for a successful summit.

Reported by: Caye Global News, Gulf Times

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