Latest news with #SaadbinSheridaAlKaabi
Qatar Tribune
21-05-2025
- Business
- Qatar Tribune
Economic growth worldwide cannot be achieved without fuel: Al Kaabi
BEIJING: Minister of State for Energy Affairs, and President and CEO of QatarEnergy HE Saad bin Sherida Al Kaabi has said that economic growth anywhere in the world cannot happen without fuel, adding that 'gas is the best source for fuel - that is reliable, affordable, and available to most countries'. Speaking at a leadership dialogue held during the World Gas Conference (WGC) in Beijing, Minister Al Kaabi reaffirmed that while we need all kinds of fuels and a wide energy mix, gas will be the backbone of growth in all economies, and it is here to stay for the next century. Minister Al Kaabi said each country will have a different energy mix than the other, depending on intermittency variables such as when the sun does not shine, or when the wind does not blow, or when the rain does not fall. "For us in Qatar," he added, "we have plenty of sunshine and today we are meeting 15 percent of our electricity demand from solar power, and we are working to double that to 30 percent." Answering a question on the net-zero as an environmental target, Minister Al Kaabi stated that while many countries and companies announced commitment to net-zero, it is clear now that many are backtracking as people realize it is very difficult to achieve net-zero by 2050 without a real plan and without consideration to their needs for energy and for economic growth. He said: "The State of Qatar and QatarEnergy were amongst the very few countries and companies who said they would not be able to meet net zero." Speaking on the progress of Qatar's North Field expansion, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said: "We will be starting the first LNG train from the North Field East development which has a 32 million ton per annum LNG production capacity by mid next year. Subsequently, other trains will come online after that. As for North Field West, it is in the engineering phase and will be going into the construction phase somewhere in 2027. We will more than double of LNG production from the current 77 million tons to 160 million including production from our Golden Pass project in Texas, which will come online later this year." "QatarEnergy will be the largest single LNG exporter as a company. While Qatar, as a country, will be the second largest exporter of LNG after the United States for a very long time," Minister Al Kaabi said. "We will play a very big role in helping economies around the world to flourish and to grow, with the cleanest fossil fuel available." Minister Al Kaabi said QatarEnergy was doubling its production capacity in many parts of the petrochemical industry and is building the world's largest ethane cracker in the United States, which is expected to start production in the first quarter of 2027; and the largest ethane cracker in the MENA region that is being built in Ras Laffan and is also expected to begin production in early 2027. "So, between these two projects, this is the largest single investment by one company with CPChem, our good partners in both projects," the Minister added. On relations with China and the role it plays in the energy industry, he said: "China's growth is tremendous. They are creating a good energy mix and their ambition for renewables has far surpassed their plans. They are adding gas to their growth requirements. China is our biggest buyer of LNG and a partner in our NFE and NFS expansion. We are also building a large number of ships in China as part of our historic LNG shipbuilding program." The World Gas Conference is the premier gathering of the global gas and energy industry. Themed 'Energizing a Sustainable Future', WGC2025 marks the first time it is held in China. Taking place in Beijing from May 19 to 23, the Conference is expected to attract unprecedented participation, with over 30,000 attendees from 70 countries and 300 exhibitors, domestic and international, making the Conference a unique opportunity to engage with emerging and established markets globally.
Qatar Tribune
18-05-2025
- Business
- Qatar Tribune
Kahramaa holds 2025 Annual Planning Forum
DOHA: The Qatar General Electricity & Water Corporation (Kahramaa) organised its 2025 Annual Planning Forum under the slogan 'Innovation and Excellence for Global Leadership'. The forum was attended by Minister of State for Energy Affairs HE Saad bin Sherida Al Kaabi. The two-day forum was convened this year to discuss Kahramaa's strategic plan for the next five years, review its main pillars, and outline aspirations for the coming period, in alignment with Qatar National Vision 2030, while reaffirming the corporation's commitment to its social responsibilities. It also emphasized Kahramaa's ongoing dedication to keeping pace with future changes, meeting societal aspirations, and supporting Qatar's comprehensive development journey by deliberating the corporation's work plans and directions for the upcoming five years, reflecting its continuous pursuit of institutional excellence and sustainable quality. On this occasion, Minister of State for Energy Affairs emphasized in his opening speech the importance of the forum as a strategic platform for achieving sustainable development, stating: "Holding this forum under the theme 'Innovation and Excellence for Global Leadership' is not merely a slogan, but a practical approach that reflects our orientation towards strengthening innovation as a key pillar in enhancing institutional performance and elevating service quality to the highest international standards." He also highlighted Kahramaa's role in supporting the country's development efforts, saying: "We actively encourage the adoption of leading global practices in management, quality, and innovation, and we support Kahramaa's continued pursuit of excellence, contributing to enhanced operational efficiency, added value for the national economy, and reinforcing Qatar's status as a leading hub for development and sustainability." The Minister stressed the importance of projecting a professional and honorable image, noting that employees serve as the corporation's frontline in customer interactions. He underscored the value of positive communication and the necessity of fostering trust with both citizens and residents. In another address delivered during the forum, President of Kahramaa Abdulla Ali Al-theyab stressed the importance of institutional excellence as a key pillar of Kahramaa's strategic vision, stating: "Excellence is not just a slogan it's a continuous commitment to achieving the highest standards in performance and creating tangible added value for our customers, employees, partners, and society. Building on this path, Kahramaa is currently implementing a project to adopt the European Excellence Model and the Qatar Government Excellence Model, both of which play pivotal roles in achieving top levels of quality and innovation." The forum represents a major milestone within the corporation's annual institutional planning cycle, during which Kahramaa's five-year strategic plan is presented and discussed. The opening session included an overview of the business plan, anticipated scenarios for the future of the electricity, water, and economic sectors, along with a review of the various departmental plans for the coming five years. Dedicated sessions were held to present the plans of the Electricity Sector and the Technical Affairs Sector on the first day, while the second day focused on the plans for the Water Affairs Sector and the Shared Services Sector, in addition to the plans of supporting institutional departments. This approach ensures institutional integration and enhances the quality and effectiveness of strategic planning. The forum aims to support institutional coordination and integration, review the corporation's strategic directions, and contribute to the optimal utilization of available resources, improving service efficiency, and reinforcing sustainability at the highest levels. The event witnessed active participation and fruitful exchanges of ideas and initiatives, providing a clear reflection of the spirit of institutional work that characterizes Kahramaa in its pursuit of innovation and institutional excellence for global leadership.
Qatar Tribune
15-05-2025
- Business
- Qatar Tribune
Qatarisation is key strategic goal for energy sector: Al Kaabi
Minister of State for Energy Affairs and President and CEO of QatarEnergy HE Eng. Saad bin Sherida Al Kaabi has affirmed that Qatarisation continues to remain a key strategic objective for Qatar's energy sector, and praised the sector's efforts to fulfill its commitments. This came during Al Kaabi's presidency of 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 Qatarization Plan. 'On our 25th anniversary, I can comfortably say that Qatarization has grown beyond being a policy into becoming a transformative force that is enabling more and more achievements across our sector,' Al Kaabi said. He praised efforts to further improve their Strategic Workforce and Qatarization Planning processes and to ensure that plans are aligned with each organisation'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 maximize returns on the investments. (QNA) page 6
Qatar Tribune
15-05-2025
- Business
- Qatar Tribune
Qatarization is key strategic goal for energy sector: Al Kaabi
DOHA: Minister of State for Energy Affairs and President and CEO of QatarEnergy HE Eng Saad bin Sherida Al Kaabi has affirmed that Qatarization continues to remain a key strategic objective for Qatar's energy sector, and praised the sector's efforts to fulfill its commitments. This came during the minister's presidency of the Energy Sector's 25th annual Qatarization Review meeting in the presence of senior executives and representatives from the companies participating in the Energy Sector Strategic Qatarization Plan. "On our 25th anniversary, I can comfortably say that Qatarization has grown beyond being a policy into becoming a transformative force that is enabling more and more achievements across our sector," the Minister of State for Energy Affairs and the President and CEO of QatarEnergy said. He praised efforts to further improve their Strategic Workforce and Qatarization 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 maximize returns on those investments. "This is why Qatarization 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," he added. Concluding his remarks, the Minister 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." He presented the Annual Qatarization 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 Ltd. (Q-Chem) for "Supporting Qatarization," North Oil Company (NOC) for "Support for Learning and Development," and Qatar General Electricity and Water Corporation (KAHRAMAA) for "Best Qatarization Progress." He also presented the Annual Qatarization 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 Qatarization," and Gulf Drilling International (GDI) for "Support for Learning and Development."
Qatar Tribune
11-05-2025
- Business
- Qatar Tribune
Kahramaa in deal to build Ras Abu Fontas power & water facility
QNA Doha Qatar General Electricity and Water Corporation (Kahramaa) signed a strategic agreement with QatarEnergy, Qatar Electricity & Water Company, and Sumitomo Corporation (representing a consortium with Luluah Sky Energy Holding Ltd) to increase the country's electricity and water production through the construction of Ras Abu Fontas power & water facility, which has a production capacity of 2400 Megawatts (MW) and 110 million gallons per day (MGD). The agreement also stipulates the purchase of power and water from the facility, which is expected to provide about 23 percent of Qatar's total power and 20 percent of its water production and will be built at a cost of QR13.5 billion. The agreement comes as part of Kahramaa's ongoing efforts to strengthen supply security and promote sustainability within the electricity and water sectors and is in alignment with Qatar National Vision 2030. The new Ras Abu Fontas facility will help meet growing demand for energy and water, driven by the country's rapid population and economic growth. It will also enhance the efficiency of the national grid and support the integration of renewable energy sources, reflecting Qatar's commitment to developing a modern, sustainable energy infrastructure. The signing ceremony was attended by Minister of State for Energy Affairs and President and CEO of QatarEnergy HE Saad bin Sherida Al Kaabi, President of Kahramaa Abdulla bin Ali Al Theyab, Managing Director and CEO of Qatar Electricity & Water Company (QEWC)Mohammad Nasser Al Hajri and General Manager, Overseas Energy Solution Strategic Business Unit of Sumitomo Corporation Jun Minase. The agreement includes a three-phase commissioning plan for the facility, which will make a major contribution to the country's power and water supply. The first power date is set for 25th April 2028, with 836 MW of power coming online. The final Water date is scheduled on 1st August 2028, to reach a final water capacity of 110 million gallons per day (MGD). The target full operations date is scheduled for 1st June 2029, with total power capacity reaching 2400 MW. Commenting on this occasion, Al Kaabi said, 'This agreement represents a significant landmark in our efforts towards achieving a comprehensive transformation in our energy and water production by adopting advanced technologies and sustainable solutions that meet the needs of current and future generations. It undoubtedly embodies the diligent efforts to realize the Qatar National Vision 2030 and the Third National Development Strategy 2024-2030 by achieving environmental sustainability and excellence, enhancing water security, and reducing environmental impact towards a promising and sustainable future for energy in Qatar.' The minister concluded his remarks by thanking QatarEnergy, Kahramaa, and QEWC for their great efforts aimed at enhancing the country's water and energy security and at providing reliable and sustainable resources while preserving our natural resources and the rights of future generations. Minister Al Kaabi also thanked the project's partners the coalition of Sumitomo Corporation and Luluah Sky Energy Holding. In a statement, Al Theyab said, 'The agreement is an important step towards realizing our vision for sustainability and innovation. We are committed to developing pioneering solutions that contribute to improving quality of life and supporting economic growth in line with global objectives. We are committed to enhancing the efficiency of the national grid and upgrading the infrastructure to meet the country's aspirations under Qatar National Vision 2030 goals, and we aim to deliver strategic projects that effectively and sustainably address the increasing demand.' On his part, Al Hajri said, 'We are proud to join hands with Kahramaa to develop this project, which reflects our commitment to delivering reliable energy and water solutions for the nation. By leveraging advanced technologies, this project will enhance efficiency, reduce environmental impact, and support Qatar's growth.' Jun Minase said, 'This development of remarkable project in the State of Qatar aligns with our company's target towards stable power and water supplies to help create a prosperous society and contribute to Qatar's sustainable growth.' The project contributes to enhancing water and energy security by ensuring the provision of reliable and sustainable resources for energy and water to support vital sectors and communities. It also aims to reduce environmental impact by applying eco-friendly solutions to decrease carbon emissions and preserve natural resources. Additionally, it supports economic development by stimulating investment and creating new job opportunities, while enhancing national infrastructure. The project also promotes innovation and technology development by transferring technical knowledge and adopting the latest innovations to achieve operational excellence. Furthermore, it ensures long-term sustainability by building an integrated system that relies on high efficiency. Looking ahead, the project company, together with Qatar General Electricity and Water Corporation (Kahramaa), has a strategic plan to formalize an agreement aimed at further advancing decarbonization within the next 15 years. This forward-thinking initiative reflects a shared commitment to sustainability and aligns seamlessly with Qatar's National Vision 2030.
