Environment a pivotal part of strategies in Qatar’s energy sector: Al Kaabi

Doha: H E Saad Sherida Al Kaabi, Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum, has highlighted the importance of the ongoing energy transition, and said ‘we all have a responsibility to produce energy in a more environmentally sensitive way’. 

Al Kaabi’s remarks came during a session on Energy Transformations held as part of the St. Petersburg International Economic Forum in the Russian Federation with the participation of Alexander Novak, the Deputy Prime Minister of the Russian Federation, and Prince Abdulaziz bin Salman Al Saud, the Minister of Energy of the Kingdom of Saudi Arabia, amongst a panel of energy leaders. During the event, Al Kaabi said energy transition is very much needed, and that the environment is at the front and centre of the strategies by all companies working in Qatar. However, the Minister also warned against being driven by an over-excited euphoria that envisages depriving investment from the oil and gas sector. Al Kaabi cited a recent International Energy Agency report which called for stopping investment in oil and gas and said: “When we deprive the oil and 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 byproducts 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.”