Tribune News Network
Doha
Minister of State for Energy Affairs and the President and CEO of QatarEnergy HE Saad Sherida Al Kaabi has has criticized the attempt to demonize oil and gas, saying the demand for oil is going to be there for a very long time.
“Demand for oil is going to be there for a very long time. You need petrochemicals that wind farms and solar energy cannot produce, and you also need petrochemical plants to make refined products for a very long time. Gas is going to be needed to power the electricity that is needed for expansion and growth. The most important thing is that we all do it in a responsible manner to make sure that humanity can develop and grow,” Al Kaabi said during World Economic Forum’s special meeting on global collaboration, growth, and energy for development discussion in Riyadh on Sunday.
Al Kaabi highlighted the important issue of access to energy and the need for a fair energy transition, saying: “There are a billion people who do not have access to basic electricity. There will be anywhere between one and two billion additional people within the next 30 years, who will need access to energy. Therefore, we shouldn’t be selfish and just talk about what we want for our house and forget the neighborhood, if you will.”
Highlighting Qatar’s LNG expansion projects in the North Field, which will reach 142 million tonnes per annum by 2030, he noted that Qatar “will sequester 11 million tons of carbon from that project. Add to that the construction of 104 LNG ships, all of which will be powered by LNG. We are building the largest blue ammonia plant in the world that has solar power and CO2 sequestration facilities. We are also capturing CO2 from our production sites in the north and sending them via pipeline across Qatar to be injected in the oil field of Dukhan as part of our enhanced oil recovery efforts.”
He added: “We are doing our part, and we have many great stories to tell. We are responsible producers but not many care to look at that.” page 8
