QatarEnergy will be world’s largest LNG trader within 10 years: Minister – The Peninsula

QatarEnergy will be world’s largest LNG trader within 10 years: Minister – The Peninsula

Doha: QatarEnergy will be the largest LNG trader in the world within five to ten years, said the Minister of State for Energy Affairs and the President and CEO of QatarEnergy, H E Eng. Saad bin Sherida Al Kaabi, at the London Energy Intelligence Forum, which is currently being held in the British capital.

"QatarEnergy is selling about five to ten million tons of LNG and the company will become the world's largest LNG trader over the next five to ten years," Eng. Al Kaabi said.

He stated that huge quantities of Qatar's gas production will be sent to Europe in the coming period, noting that QatarEnergy has adopted a successful partnership model that put it in its current position and proved that it can do this task alone.

"QatarEnergy does its business on a fully commercial basis and is no longer a governmental company," the minister of state said.

His Excellency also expects that energy prices in general will remain high in the foreseeable future, without reaching their peak soon, not even in the next 20–30 years.

Eng. Al Kaabi attributed the reason for the energy crisis in Europe to the goals that it set for itself by reducing net carbon emissions in it