Growing world economies will significantly increase the demand for energy, requiring trillions of dollars in investment, the Minister of State for Energy and Industry Affairs, H E Dr Mohammed bin Saleh Al Sada, said yesterday.
“It will be a tremendous challenge to meet these growing needs while also reducing the impact on the environment,” he told participants at the Energy Outlook seminar organised by ExxonMobil and the General Secretariat for Development Planning.
“The State of Qatar has been committed and will remain committed to helping the world meet these challenges,” he said.
Al Sada pointed out that the year 2010 will mark an important milestone for Qatar’s gas industry, as all LNG production trains will be completed and ready for operation. This will bring the total number of LNG trains in Qatar to 14, six of which are the world’s largest.
“This can only reflect the great efforts we are taking to develop our gas industry. This is in cooperation with our partners from major oil and gas companies, for whom we have great respect and appreciation for their significant role in collaborating with us to develop our oil and gas resources,” he said.
In October this year, Qatar inaugurated the RasGas Train 6. It is one of six giant 7.8 million tonnes per annum production facilities under development through expansions at Qatargas and RasGas. Besides, earlier this year, two other LNG trains — Qatargas trains 4 and 5 — were inaugurated.
Al Sada said the ExxonMobil “Outlook for Energy: A View to 2030’ report would facilitate public understanding of the world’s energy needs and challenges.
He said the theme “A View to 2030” strikes a chord with the Qatar National Vision 2030, which defines broad future trends and reflects the aspirations, objectives and culture of the Qatari people.
While the outlook for energy is underpinned by economic and population projections as well as expectations for energy-efficiency gains from the deployment of advanced technologies and adoption of better energy-management practices, the Qatar National Vision 2030 provides a framework within which national strategies and implementation plans can be developed, he added.
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