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Qatar Ready To Host 6th GECF Summit Tomorrow

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Amid these trends and developments, Qatar’s hosting of the 6th GECF Summit gives a new dimension that supports and enhances the global trend towards clean energy and urges more work and achievement at various levels that secure this type of energy in support of the green economy at the global level.

Former Minister of Energy and Industry H E Dr. Mohammed bin Saleh Al Sada told QNA Qatar is the natural place to hold this forum as it is the capital of natural gas in the world. It has a long history, extensive experience, and great and many successes in the field of LNG industry and it is still on the throne of its production and export, in addition to being the GECF headquarters.

The Gas Exporting Countries Forum includes 11 member states: Qatar, Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Russia, Trinidad and Tobago and Venezuela, in addition to 7 observer countries: Angola, Azerbaijan, Iraq, Malaysia, Norway, Peru and the UAE.

Dr. Mohamed bin Saleh Al Sada, said that Qatar’s ambitions in the gas industry were very great, and its plans for production and export expansions were proceeding in full swing, raising the status of the state and increases its export capacity to nearly 60 percent.

The member states of the Forum have 70 percent of the world’s gas reserves, and consume about 27 percent of it, knowing that Qatar’s production capacity is 77 million tons annually, and will reach 126 million tons annually in 2027.

Dr. Mohammed bin Saleh Al Sada says that gas is a strategic commodity, and the nature of its processing, production and export requires a huge long-term investment. It is better that sales contracts also be long-term and at least medium-term, to ensure the flow of gas to the importer in a smooth and direct way that meet the interest of both the producer and the consumer.

He pointed out that the State of Qatar had all kinds of contracts and managed them in a successful manner, and it always work to align its interests with the needs of the other party.

He pointed out that the next stage of this industry was characterized by a significant reduction in carbon dioxide emissions, to which the major countries that represent the major economies of the world have committed, and pledged to the so-called net zero carbon emissions by 2050. However, he believes that reaching this goal must be accompanied with producing other clean sources that are not harmful to the environment, such as hydrogen and ammonia, to make their strategy of reaching net zero carbon emissions a success. This makes natural gas possible in terms of switching to clean energy.

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