Qatar ready to host 6th GECF Summit

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Qatar ready to host 6th GECF Summit

10:09 CAT | 21 Feb 2022

Photo: Twitter / @GECF_News

Qatar will host the 6th GECF Summit of Heads of State and Government on Monday, for the second time in Doha. The first forum was held in November 2011. Qatar was chosen to host the 6th GECF (Gas Exporting Countries Forum) Summit during the closing sessions of the 21st Ministerial Meeting of the GECF in the Russian capital, Moscow in October 2019.

All member states affirmed that the Doha Forum truly embodies the deep belief in dialogue to enhance its tireless efforts to meet the growing global demand for clean energy.

It also provides a favourable opportunity to discuss the latest developments and trends related to the global gas industry.

Qatar, as the largest producer of liquefied natural gas in the world, and chair of the upcoming forum, will play a leading and influential role in encouraging regional and international dialogue and enhancing the position of natural gas as the cleanest fossil fuel and future energy source, leading to low-carbon economies.

The forum is preceded by ministerial meetings and other working group meetings at a time when attention is turning to Doha, which will hosts this important global economic event, considering natural gas as one of the alternatives and important sources in the transition towards clean energy.

Gas forums have become one of the most important forums that bring together decision-makers and specialised experts to discuss issues related to the natural gas industry and trade and ways to promote it to enhance the position of this resource as a source of clean energy in the world.

However, the escalating challenges of this vital source require innovative and diversified solutions that can be applied economically, which guarantees the interests of consumers and producers.

At a time when Qatar has become one of the leading gas-exporting countries in the world, it is working on shifting towards clean and renewable energy, and reducing carbon emissions by adopting the highest environmental standards in the gas industry, which was confirmed by the Amir H H Sheikh Tamim bin Hamad Al Thani’s speech inaugurating the 50th Shura Council Ordinary Session.

H H the Amir said that regarding the energy sector, changing the name of Qatar Petroleum to Qatar Energy reflects effective Qatari support for the transition towards clean and renewable energy. In this field, Qatar work on two levels. The first is to increase the production of liquefied natural gas and reduce emissions resulting from its production using the latest technologies, and the second is to contribute to the development and use of solar energy. The state pays special attention to protecting the environment by issuing the necessary legislation in this regard, promoting awareness of the importance of the environment in our daily lives, recycling harmful waste, monitoring air and seawater quality. The state provides financial incentives to companies that present projects that protect the environment and confront climate change.

Minister of State for Energy Affairs, the President and CEO of QatarEnergy Saad Sherida Al Kaabi announced last October that the name of Qatar Petroleum (QP) would be changed to Qatar Energy (QE).

He said that with a new brand and corporate identity, Qatar Energy will continue to provide the cleanest energy that the world needs and play its role as an effective and essential partner to reach the best solutions in the transformation of the current world transition to low carbon energy.

The 5th High-Level Ad-Hoc Working Group on the 6th #GECF Summit preparations met today to finalise the arrangements of the marque event.
Press release 🔗https://t.co/g56w3YSTVQ

To attend the Open Session of the 6th #GECF Summit, email us ➡️ [email protected] pic.twitter.com/XY9JgKEfiE

— Gas Exporting Countries Forum (@GECF_News) February 20, 2022

The company is moving forward with full force to develop the North Field by building the latest LNG production lines, which will push our leading position forward with a production capacity of 126 million tons per year in 2027, he added. Not only that, but QE is making efforts to protect the environment by minimizing the carbon footprint, using the most advanced methods in the field of carbon sequestration to sequester nine million tons of carbon dioxide annually by the end of this decade, he continued.

The shift to Qatar Energy reflects an understanding of global changes and a response to the need to protect the planet and the environment, corresponding with the nature of future work in this vital aspect, and sustainable strategic growth, so that QE becomes a partner for everyone in the transition to low-carbon energy.

The signing of the North Field expansion contract in February last year, during the widespread outbreak of COVID-19 and its negative repercussions on the economies of the world, bears special importance to confirm the firm commitment of Qatar to providing the world with the clean energy it needs, regardless of the nature of crises and challenges.

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.

Source: The Peninsula Qatar