Latest news with #SaadSheridaAlKaabi
Qatar Tribune
23-05-2025
- Business
- Qatar Tribune
Kaabi meets with senior executives of Chinese energy firms
Minister of State for Energy Affairs and President and CEO of QatarEnergy HE Saad Sherida Al Kaabi held cooperation talks with senior executives of major Chinese energy companies on the sidelines of the World Gas Conference in Beijing. Minister Al Kaabi met separately with DAI Houliang, chairman of China National Petroleum Corp (CNPC), ZHOU Xinhuai, president of China National Offshore Oil Corporation (CNOOC), and MA Yongsheng, chairman of China Petroleum & Chemical Corporation (Sinopec). Discussions during the three meetings focused on strengthening existing and future cooperation and bilateral relations in the energy sector. The minister was accompanied during the meetings by a high-level delegation.
Qatar Tribune
21-05-2025
- Business
- Qatar Tribune
Gas to remain backbone of global growth for next century: Al Kaabi
Tribune News Network Doha Minister of State for Energy Affairs and QatarEnergy President and CEO HE Saad Sherida Al Kaabi has emphasised that sustainable economic growth across the globe is not possible without fuel, underscoring natural gas as the most reliable, affordable, and widely accessible option. Speaking during a leadership dialogue at the World Gas Conference (WGC) in Beijing, Al Kaabi reiterated that while a diverse energy mix is essential, natural gas will continue to serve as the backbone of global economic development. 'We need all kinds of fuels and a wide energy mix,' he stated, 'but gas stands out as the best source—reliable, affordable, and available to most countries. It is here to stay for the next century.' Al Kaabi emphasised that each country's energy mix will differ based on local conditions and intermittency factors—such as when the sun does not shine, the wind does not blow, or the rain does not fall. 'For us in Qatar,' he said, 'we have plenty of sunshine, and today we meet 15 percent of our electricity demand from solar power. We are working to double that to 30 percent.' Addressing a question on net-zero emissions as an environmental target, Al Kaabi noted that while many countries and companies have announced commitments to achieve net-zero by 2050, it has become evident that many are now reconsidering those goals. 'People are realising that it is very difficult to achieve net-zero by 2050 without a real, actionable plan—and without taking into account their energy needs and economic development requirements,' he said. He pointed out that Qatar and QatarEnergy were among the few who were transparent from the outset, openly stating that they would not be able to meet net-zero targets by 2050 under current conditions. Speaking on the progress of Qatar's North Field expansion, Al Kaabi said, 'We will begin operations of the first LNG train from the North Field East development — which has a production capacity of 32 million tonnes per annum — by mid next year.' 'Subsequent trains will follow thereafter. As for the North Field West project, it is currently in the engineering phase and is expected to enter the construction phase around 2027.' Highlighting the scale of the expansion, Al Kaabi stated, 'We will more than double our LNG production — from the current 77 million tonnes to 160 million tonnes annually. This includes output from our Golden Pass project in Texas, which is expected to come online later this year.' He further noted, 'QatarEnergy will become the world's largest LNG exporter as a single company, while Qatar will remain the second-largest LNG-exporting nation after the United States for the foreseeable future. We are committed to playing a major role in supporting global economic growth by supplying the cleanest fossil fuel available.' Al Kaabi revealed that the company is significantly expanding its footprint in the petrochemical sector, with major projects underway in both the United States and Qatar. 'QatarEnergy is doubling its production capacity across several segments of the petrochemical industry,' he said. 'We are building the world's largest ethane cracker in the United States, expected to begin production in the first quarter of 2027. At the same time, we are constructing the largest ethane cracker in the MENA region in Ras Laffan, which is also set to commence operations in early 2027,' he said. Describing the scale of the investment, Al Kaabi noted, 'Together, these two projects represent the largest single investment by one company, undertaken in partnership with our long-standing collaborators at CPChem.' On the strategic energy relationship with China, he highlighted China's rapid economic growth and ambitious energy transition efforts. 'China's growth is tremendous,' he said. 'They are developing a well-balanced energy mix, and their progress in renewable energy has far exceeded expectations. They are also incorporating more natural gas into their energy portfolio.' Hughlighting China's importance as a key partner for QatarEnergy, Al Kaabi said, 'China is our largest LNG buyer and a strategic partner in our North Field East (NFE) and North Field South (NFS) expansion projects. In addition, a significant portion of our historic LNG shipbuilding programme is being executed in Chinese shipyards.' World Gas Conference, the premier global forum for the gas and energy industry, is being held for the first time in China under the theme 'Energizing a Sustainable Future.'
Qatar Tribune
20-05-2025
- Business
- Qatar Tribune
LNG production from Golden Pass in US to start by year-end: Al Kaabi
Minister of State for Energy Affairs and President and CEO of QatarEnergy HE Saad Sherida Al Kaabi reaffirmed Qatar's expanding energy ambitions at the Qatar Economic Forum 2025 taking place in Doha on Tuesday. Al Kaabi revealed that LNG production from its Golden Pass project in the US will begin by the end of this year, while production from the North Field East expansion will start by mid-2026. Al Kaabi stressed the urgent need for ongoing investments in energy to meet growing global demand. 'We need oil prices to stay between $70 and $80 to maintain current production levels," he said. — Satyendra Pathakpage 8
Qatar Tribune
15-05-2025
- Business
- Qatar Tribune
Kaabi hails 25 years of Qatarisation as catalyst for energy sector growth
Tribune News Network Doha Minister of State for Energy Affairs HE Saad Sherida Al Kaabi chaired the energy sector's 25th annual Qatarisation review meeting in the presence of senior executives and representatives from the companies participating in the Energy Sector Strategic Qatarisation Plan. Al Kaabi congratulated the participating companies on their achievements throughout the past 25 years and reaffirmed that Qatarisation continues to remain a key strategic objective for Qatar's energy sector. Al Kaabi said, 'I am pleased to note the dedicated efforts by Qatar's energy sector to deliver on our commitments. And, on our 25th anniversary, I can comfortably say that Qatarisation has grown beyond being a policy into becoming a transformative force that is enabling more and more achievements across our sector.' The minister praised efforts to further improve their strategic workforce and Qatarisation planning processes and to ensure that plans are aligned with each organization's vision and corporate objectives. The minister also provided an overview of some of the energy sector's strategic projects and investments across the energy value chain, which require the development of a workforce that will help maximise returns on those investments. 'This is why,' the minister added, 'Qatarisation is an important part of our growth plans, allowing us to ensure a pipeline of national talent that can lead our companies now, and in the future.' Concluding his remarks, Al Kaabi said, 'We have never wavered in our commitment to giving opportunities to young Qataris to build rewarding careers and to develop our national competencies in almost every field.' The minister presented the annual Qatarisation crystal awards, which are given to companies in recognition of their achievements in four categories. This year's recipients are Qatar Aluminium Limited (Qatalum) for support and liaison with the education sector, Qatar Chemical Company (Q-Chem) for supporting Qatarisation, North Oil Company (NOC) for support for learning and development and Qatar General Electricity and Water Corporation (Kahramaa) for best Qatarisation progress. Al Kaabi also presented the annual Qatarisation certificates, which recognize companies with the most significant improvements since the previous calendar year in three categories. This year's recipients are Oryx GTL for support and liaison with the education sector, Qatar Petrochemical Company (Qapco) for supporting Qatarisation and Gulf Drilling International (GDI) for support for learning anddevelopment.
Egypt Today
13-05-2025
- Business
- Egypt Today
Egypt to Boost LNG Import Capacity with New 10-Year Höegh Agreement
CAIRO - 13 May 2025: The Egyptian Natural Gas Holding Company (EGAS) has signed a 10-year agreement with global offshore energy infrastructure firm Höegh LNG to lease a new floating storage and regasification unit (FSRU), Bloomberg reported. As part of the deal, Höegh's vessel Höegh Galleon will be stationed at the SUMED port in Ain Sokhna in the fourth quarter of 2026. Before deployment, the ship—originally an LNG carrier with a daily capacity of one billion cubic feet—will be converted into a regasification unit. The new FSRU will replace the currently operating Höegh Galleon, Egypt's only active LNG import terminal, which was leased under a separate agreement last year. Meanwhile, Egypt is holding talks with Qatar to establish long-term natural gas supply agreements. During a meeting between Petroleum Minister Karim Badawi and Qatari Energy Minister Saad Sherida Al Kaabi, both sides discussed the potential for deeper integration in energy infrastructure and LNG operations, including trading, liquefaction, and regasification.
