Qatar Believes The World Will Need More LNG Projects after 2030

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Natural gas in energy supply is not going anywhere and its demand will only rise with growth in economies and global population, which will require additional LNG projects to come online after 2030

, the energy minister of one of the biggest LNG exporters, Qatar, said on Wednesday. “Everybody's trying to get the inflation down, so if we have a reasonable economic growth going forward, I think you'll see that all the supply and demand will catch up and you'll need another phase of development of gas in the ,” Saad Sherida Al-Kaabi, Qatar’s Energy Minister and President and CEO of QatarEnergy, said at the Qatar Economic Forum in Doha.

We also need to be fair to that population and make sure they have access to reasonably priced power,” Al-Kaabi said. Related Oil Ticks Higher on Inventory Draw LNG will be needed for a very long time, the minister said. “LNG is not going away any anytime soon, as was recently made clear by the G7 as well as by many countries around the world, who have changed their position of moving away from fossil fuels.

 

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