Asia’s growing energy requirements call for supply from a diverse portfolio of established liquefied natural gas (LNG) producers and developers with proven records of reliability and stability, RasGas CEO Hamad Rashid al-Mohannadi has said at Gastech, which is being held in Seoul.
Speaking at an executive leadership panel discussion on “Developing the Next Wave of Gas Supply to Asia-Pacific Markets” on the inaugural day of the four-day event, al-Mohannadi highlighted the fact that Asian customers need to remain focused on projects with strong and economically viable resources, which are serviced by reliable and experienced developers and operators.
“Qatar’s stable political and economic environment provides context for the continued reliable supply of LNG from existing LNG production facilities with a compelling and proven track record that is undisputedly world class. I believe the country is ideally positioned to lead the global shift toward the increased use of gas and to meet the expanding requirements for LNG in Asia. And RasGas has the technical and commercial expertise to deliver a secure, safe and reliable supply of LNG today and for years to come,” said al-Mohannadi.
Speaking on the growing uses of LNG, al-Mohannadi pointed out that it is not only sought for fuel in power generation and industrial uses, but has also rapidly gained acceptance as a fuel for shipping and large-scale road haulage. He cited the shift towards LNG-powered ships in Australia, South Korea and the European Union, all of which are pushing ahead with pilot schemes, backed by policy-makers.
“Qatar recently launched a project to convert a Q-Max vessel to use LNG as an alternative to heavy fuel oil. This allows us to further reduce emissions and provide greater flexibility of marine fuel supply,” he added.
The Gastech conference and exhibition is held approximately once every 18 months. This is RasGas’s ninth consecutive participation in the industry event, for which it is also a strategic sponsor. The Qatar delegation was led by HE the Minister of Energy and Industry Dr Mohamed bin Saleh al-Sada. Gulf Times