Minister Unveils Admission Of Three Partners To North Field ...| MENAFN.COM

Sunday, 27 November 2022 05:40 GMT

Minister Unveils Admission Of Three Partners To North Field South Expansion Project


(MENAFN- The Peninsula) QNA

Doha: The Minister of State for Energy Affairs and President and CEO of QatarEnergy, H E Eng. Saad bin Sherida Al Kaabi, has revealed that three international partners have joined the North Field South expansion project, in addition to the partner that has been announced recently.

Speaking during a panel discussion at the Energy Intelligence Forum in London, Eng. Al Kaabi noted that the new partners will be announced at the appropriate time.

The minister said that the eastern north field projects, the southern north field projects, and Golden Pass will add 48 tons of liquefied natural gas (LNG) annually, emphasizing that Qatar alone will produce the majority of the new LNG supply during the period from 2025 to 2027.

Speaking about the value of the international partnerships fostered by QatarEnergy in these ambitious projects, Eng. Al Kaabi said, 'The partnership model adopted by QatarEnergy has been very successful and made us what we are today, and granted us the ability to upgrade the best competencies, abilities, techniques, and marketing. QatarEnergy is indebted to all its partners who have been operating in tandem with it until we reached where we are today.''

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With regard to zero emissions, the minister noted that several countries have announced the goals that can be achieved during a certain period. However, they have neither the plan nor the willingness to put commitment into action.

'Due to this, coal burning has become more powerful than ever and has pushed us many years back,' he said.

Eng. Al Kaabi highlighted the role Qatar is undertaking to reduce gas emissions and carbon footprints, pointing out that Qatar will soon open a solar power plant in Al Kharsaah with a capacity of 800 megawatts that will supply Qatar General Electricity & Water Corporation (KAHRAMAA) with 10 percent of the local demand, which is a great achievement for a major producer of natural gas.

'Qatar is the largest country in the Middle East and North Africa in terms of injecting carbon dioxide as part of the efforts dedicated to carbon capture and sequestration. Qatar is currently injecting 2.5 million tons and will grow to over 11 million tons of carbon dioxide annually by the year 2035,' he said.

Commenting on the transition to low carbon energy, Eng. Al Kaabi called for a responsible transition in which LNG will be a fundamental and permanent fuel, combined with carbon capture and sequestration techniques as well as the reduction of methane emissions. 

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