Signing the remaining contracts for the expansion of the North Field...

Signing the remaining contracts for the expansion of the North Field...
Signing the remaining contracts for the expansion of the North Field...
His Excellency Eng. Saad bin Sheridah Al Kaabi, Minister of State for Energy Affairs, Managing Director and CEO of Qatar Petroleum, stressed the importance of cooperation between LNG producers and consumers to achieve further growth and prosperity, and in his keynote speech that he delivered remotely using video communication technology at the opening of the Producers Conference And consumers of LNG, the ninth held in Japan under the title “Cooperation between producers and consumers in the aftermath of the Coronavirus,” His Excellency Minister Al Kaabi highlighted the new facts resulting from a number of geopolitical events and developments with global impact, in addition to the development of the effects of the pandemic.

His Excellency said: “It is no secret that the Corona virus has disrupted many aspects of our lives, in addition to the painful human losses, this virus has created painful facts that have impeded the growth and prosperity that all countries had hoped to achieve. Minister Al Kaabi also highlighted the resilience of the LNG industry. In the State of Qatar, stressing that “during these difficult times, Qatari LNG continued to flow to all markets, thanks to the outstanding performance of our companies and facilities, the flexibility of our global LNG portfolio, our expansion into the markets, and our LNG fleet. . ”

In his opening speech, His Excellency the Minister of State for Energy Affairs provided an overview of the State of Qatar’s journey to become the main player in the field of LNG in the world, and its expansion projects and future growth plans, saying: “In 2017, we announced our intention to raise our production capacity from LNG to 100 million tons annually. Then in 2018 we raised that target to 110 million tons per year. After we obtained more data about the capacity of the giant North Field, we increased this target in 2019 to 126 million tons per year by 2027.

As history has shown, I do not think that we will stop at 126 million. We continue to strive to develop our natural gas resources and to be the leaders in the chain of liquefied natural gas in the world. His Excellency added: “We are moving forward with full strength in the expansion projects of the North Field and we expect that all will be signed. Remaining engineering, procurement and construction contracts before the end of this year, as previously announced.

His Excellency also presented a number of environmental efforts related to the expansion projects, including a significant reduction in carbon dioxide emissions, carbon sequestration and removal, the use of compressed natural gas as a fuel for transportation vehicles used during the construction phase, and the use of a global solar energy project to provide the electricity needed to support gas production lines. The new liquefied natural.

Referring to the commitment of the State of Qatar towards its customers and partners, His Excellency Minister Al Kaabi said: “Despite the pandemic, we continue to strengthen and expand our cooperation with all our existing long-term partners as well as with new partners around the world, which provides more security and diversity. In LNG supplies.

His Excellency Engineer Saad bin Sherida Al Kaabi concluded his speech by saying: “There is no doubt that the best for the LNG industry is coming. Despite the pressures imposed by the pandemic on national economies and LNG markets, it is important to look at the bright side, which is that the economic and environmental reality of an era Post-Coronavirus will contribute to enhancing the competitiveness of this cleaner fossil fuel. Ultimately, the world will win the battle against the virus, and energy will remain essential to global growth and development, and protecting our environment will be the light with which we are all enlightened. ”

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