His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs and the president and CEO of Qatar Petroleum, highlighted the importance of the ongoing energy transition and said we all have a responsibility to produce energy in a more environmentally sensitive way. His Excellency’s remarks came during a session on Energy Transformations held as part of the St. Petersburg International Economic Forum in the Russian Federation, an annual business event for the economic sector, amongst a panel of energy leaders.
His Excellency reiterated how all the companies in Qatar have energy in the front and centre of their strategies.
“We all have a responsibility to produce in a more environmentally sensitive way. We are using the best available emissions abatement technology, we are monitoring methane emissions to arrest it, and we are using carbon capture and sequestration,” said his Excellency.
Citing a recent International Energy Agency report which called for stopping investment in oil and gas, his Excellency added: “When we deprive the oil & gas sector from additional investment you will have big spikes in oil and gas prices in the next few years which will deprive customers and nations from oil or gas and all the by-products that come with it. This is a dangerous discussion that will harm humanity and about a billion people around the world, who don’t have electricity today.”
