4th International Oil Summit

Qatar confident of future gas demand

in Non-Renewable Energy by

The conference “Peak Oil: Challenges and Opportunities for the GCC Countries” in Doha, Qatar, has ended. It was a very interesting Peak Oil conference and was the first to be held in the Middle East. I was given the honor of summarizing the conference and will write a summary when I am back in Sweden. Until then you can read the notice regarding the conference that was published in the Qatar Tribune: “‘Peak Oil’ meet begins.”

Liquefied Natural Gas, LNG, is very important for Qatar. At breakfast this morning I read the Qatar Times and in it was an interesting article on LNG: “LNG gas shipments to Japan soar as Europe demand declines.” It is an article that the newspaper purchased from Reuters. Qatar is one of the world’s largest producers of natural gas, and the nations economy is dependent on the income from sales of LNG.

I also read that at the same time as the Peak Oil conference was held in Doha, the “14th International Oil Summit” was held in Paris where they also discussed LNG. This is the text in the Qatar Times: “Qatar is confident of future gas demand.”

“THE Chairman of the Administrative Control and Transparency Authority, Abdullah bin Hamad al-Attiyah talks as former Algerian energy minister and chairman of the International Oil Summit, Nordine Ait-Laoussine listens during a session of the 14th International Oil Summit in Paris yesterday. Qatar is confident about future demand for its liquefied natural gas, al-Attiyah told the conference. “Demand for natural gas will continue, not in the classical markets, but in new markets,” al-Attiyah said. He added that the booming production of shale gas in the US won’t threaten Qatar’s position, but would compliment the supply provided by the Gulf country. “Two brothers cannot fight each other,” he said.”

Originally Published: https://aleklett.wordpress.com/2013/04/05/qatar-confident-of-future-gas-demand/

Kjell Aleklett is Professor of Physics at Uppsala University in Sweden where he leads the Uppsala Global Energy Systems Group (UGES).

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