Minister: Qatar energy policy 'wise & balanced'
The Minister of Energy and Industry, HE Dr Mohammed bin Saleh Al Sada said that Qatar’s energy policy is “wise and balanced”
Qatar continues to lead the world in liquefied natural gas (LNG) exports owing to its sound energy policy.
During his opening address at the 5th International Gas Processing Symposium on 28 November, the Minister of Energy and Industry, HE Dr Mohammed bin Saleh Al Sada said that Qatar’s energy policy is “wise and balanced”, taking into account the environment of the global energy market, The Peninsula reported.
Focused on gas treatment, the two-day event was organised and hosted by the Gas Processing Centre (GPC) at Qatar University College of Engineering (QU-CENG) in cooperation with major stakeholders, including key oil and gas companies.
The Minister outlined that Qatar’s success as a world leader in liquefied natural gas (LNG) exports was attributable to wise leadership along with the efforts of its people and the support of its economic partners.
These components enabled the country to retain its lead in the LNG arena by supplying 77 million tonnes per annum of clean energy globally.
In view of the intense changes that have impacted the global energy markets, such as the shale oil and gas revolution, Dr Al Sada stressed the key role that strategic planning played in the protection of the country's interests and the sustainability of the national wealth.
He highlighted diversification efforts of production founded on the knowledge-based economy, which entails increasing the efficient use of available resources, particularly that of human capital.
Qatar University drew praise for its efforts in its development of science and research, chiefly in the energy sector.
The Minister drew particular attention to the establishment of the gas treatment centre at the university, which is aimed to produce proficient teams.
He added that while other countries were contemplating entry into the natural gas production field, Qatar was in the final phases of building joint projects with the largest companies in this arena.
These collaborations formed part of the success of projects based on best practices and cost effective methods of energy exploration, Dr. Al Sada said.