Minister of State for Energy Affairs and QatarEnergy President and CEO, HE Saad Sherida Al-Kaabi, hailed the country’s growing relationship with the People’s Republic of China in the field of energy, highlighting the significance of recently signed North Field expansion project partnerships and LNG sales agreements.
In a keynote speech at the Sinopec Forum in Shanghai, HE Minister Al-Kaabi underscored the strong fundamentals of energy demand growth in Asia, mainly powered by China’s economic growth.
His Excellency said that the State of Qatar has firmly supported the role of natural gas as a central component of any energy mix on the road to a realistic energy transition. He said that Qatar is ‘providing the world with the cleanest hydrocarbon source of energy’, which enjoys both economic and environmental qualities to support sustainable growth and a better future. He said that, in fact, by 2029, about 40% of all new LNG supplies will be provided by Qatar.
Therefore, he said that a stronger relationship between the world’s largest LNG producer and the world’s largest energy consumer is a natural development of the realities shaping the energy map today.
The minister also placed great emphasis on QatarEnergy’s commitment to protecting the planet. He said that the energy transition is one of the most pressing challenges of our time.
He said it is not just about the environment, but also about the future of energy that touches the lives of every individual on this planet and transcends borders, economies and cultures. It is about a reasonable and realistic shift to cleaner alternatives to power economies while balancing energy security, affordability, and sustainability.
The transition to a cleaner, more sustainable energy future cannot be achieved in isolation. It requires open cooperation among nations, industries, and stakeholders towards a common goal.
The Sinopec Forum which was held on the sidelines of the China International Import Expo, was organised and hosted by China Petrochemical Corporation (Sinopec).
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