Friday, December 4, 2020

In virtual meeting involving PM Modi, Qatar's Kaabi lauds India's move to hike gas share in energy mix

  • Oct 26, 2020
  • Author: QT-Online
  • Number of views: 2836
  • Top News
Tribune News Network
Minister of State for Energy Affairs and Qatar Petroleum President and CEO His Excellency Saad Sherida Al Kaabi took part in a virtual interaction session with the Indian Prime Minister Narendra Modi for discussion of various aspects of India’s energy sector.
The session, which was held on the sidelines of the ‘India Energy Forum’, brought Prime Minister Modi together with global oil and gas CEOs and experts for an exchange of ideas on India’s role in the global oil and gas sector, and on accelerating investment in India’s oil and gas value chain.
In his remarks during the interactive session, Kaabi provided an overview of Qatar’s relations with India in the energy field with Qatar being India’s largest LNG supplier, in addition to partnerships that cover a wide spectrum of petroleum products and petrochemicals.
Kaabi said, “We believe that natural gas is a critical component of India’s energy mix as the country seeks to boost its use across all sectors, while at the same time playing an important global role in curbing global warming. LNG, in particular, is affordable, efficient and environmentally sustainable and we believe it is the ideal fuel for India.”
Kaabi also noted that Indian government’s policy reforms are designed to attract investors and to achieve its goal of a gas-based economy. He said, “We are pleased to see India continue to invest in gas infrastructure in line with the government’s policy reforms aiming to make India a gas-based economy, targeting a 15 percent share for gas in the country’s energy mix.”
India is one of the largest consumers of energy in the world and will be a major driver for future growth in demand for all types of energy including hydrocarbons as well as renewables.