Qatar will not join OPEC, will invest more in LNG

Qatari Energy Minister Saad Bin Sherida Al-Kaabi issued a public statement today indicating that Qatar will not return to the Organisation of Petroleum Exporting Countries (OPEC). 

He explained extensively that there is a readiness in Doha to prioritize investing in Liquified Natural Gas (LNG) as a more sustainable alternative.

Addressing the issue at the Gastech in Dubai, Al-Kaabi reiterated the need to ramp up investments in clean energy, adding that no amount of investment in this sector can be considered too much or too high.

The Qatari minister also stressed the fact that his country is determined to invest heavily in developing and advancing its local gas infrastructure.

He also said that “there is a reality of energy transformation in the global energy arena therefore we need to focus on alternative renewable energy sources.”

The UAE’s commercial capital Dubai is currently hosting the Gastech Conference 2021 which is scheduled to close on the 23^rd of September.

“Gastech comes at an important time for the energy industry with a shared global mandate to lower carbon emissions and provide clean affordable energy for all,” UAE Minister of Energy and Infrastructure, Suhail Mohamed Al Mazrouei, said.