Tribune News Network
Doha
Minister of State for Energy Affairs and QatarEnergy President and CEO HE Saad Sherida Al Kaabi revealed that three new partners will be entering the North Field South (NFS) project in addition to the partner recently announced, adding that they will be announced in due course.
Kaabi made the remarks during the Energy Intelligence Forum’s Energy Executive of the Year Leadership Dialogue in London.
Kaabi noted that the North Field East, North Field South, and Golden Pass projects will bring a total of 48 million tonnes of LNG per annum stressing that Qatar alone will bring most of the new LNG volumes between 2025 and 2027.
Speaking on the value of QatarEnergy’s international partnerships in these ambitious projects, Kaabi said, “The partnership model we are adopting has been very successful in making us what we are today, giving us the ability to develop the best competencies, capabilities, technologies, and marketing support. We are grateful for all our partners who are working with us hand in hand to reach where we are.”
On net zero, he said that while many countries had made announcements to meet certain targets by certain times, they did not have the plan and/or the will to take that commitment to the finish line. As a result, he added that coal burning is making a comeback more than at any other time, putting us many years backwards.
Highlighting Qatar’s role in reducing gas emissions and carbon footprint, he said, “His Highness the Amir of State of Qatar Sheikh Tamim bin Hamad Al Thani will inaugurate solar power station later this month, which has a capacity of 800 MW, providing our national grid with 10 percent of local demand. This says quite a lot for a major gas producer.”
“We are the largest MENA country in terms of injecting Co2, as part of our carbon capture and sequestration efforts. We are currently injecting 2.5 million tonnes as we speak, which will grow to over 11 million tons of CO2 per annum by 2035,” he said.
On energy transition, Kaabi called for a responsible transition in which natural gas is a destination fuel accompanied by carbon sequestration and storage as well as methane abatement.