Global leaders say natural gas at a turning point

  • Date: 16-Jul-2020
  • Source: Trade Arabia
  • Sector:Oil & Gas
  • Country:Middle East
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Global leaders say natural gas at a turning point

Increased cooperation between producers and buyers, digitalisation across the value-chain, investment in infrastructure and research and development in innovative technologies will play a pivotal role in positioning natural gas as a fuel of choice for the 21st century global economy.

These were some of the key messages by international gas industry leaders and panellists who participated in the 3rd GECF Annual Workshop on Promotion of Natural Gas Demand held virtually and organised by the GECF (Gas Exporting Countries Forum)

The speakers opined that natural gas is the fuel that can achieve the UN Sustainable Development Goals and the objectives of Paris Agreement as its credentials far outweigh that of other energy sources such as coal and oil.

Welcoming the audience, GECF Secretary General Yury Sentyurin said: "We recognise the vital role that natural gas has to play in energy transition and sustainable development as we strive for energy security for all nations. Now more than ever, there must be a spirit of collective collaboration amongst industry players in order to sustain existing markets, and more so to create new promising ones.“

"We also recognise the crucial role of digitalisation as we strive to reduce cost across the natural gas value chain and enhance the