Qatar, UAE energy ministers say gas will be needed for long time – Reuters

Qatar, UAE energy ministers say gas will be needed for long time – Reuters

ABU DHABI, Jan 14 (Reuters) - The world will need natural gas for a long time and more investment is required to ensure supply security and affordable prices during the global energy transition, the energy ministers of Qatar and the United Arab Emirates said on Saturday.

Saad al-Kaabi, Qatari state minister for energy, told the Atlantic Council Global Energy Summit that a mild winter in Europe had seen prices come down, but that volatility would remain "for some time to come" given there was not much gas coming into the market until 2025.

"The issue is what's going to happen when they (Europe) want to replenish their storages this coming year and the next year," he said.