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Saturday, 16 October 2010

Qatar can be a supplier of choice of liquefied natural gas (LNG) for power generation in the GCC states, says Qatargas CEO.

Qatar can be a supplier of choice of liquefied natural gas (LNG) for power generation in the GCC states, says Qatargas CEO.

Oct 2010
“LNG is a perfect alternative fuel for power generation and large-scale LNG producers like Qatar can fill in this gap as a supplier of choice for the GCC states,” said Sheikh Khalid bin Khalifa Al Thani in comments on the recently concluded power generation conference in Doha.
The paper presented by Qatargas in the 9th annual Power-Gen Middle East, which concluded on Wednesday at the Doha International Exhibition Centre, underscored the significant role LNG can play in boosting power generation in the Gulf Cooperation Council (GCC) states.
Sheikh Khalid said: “Qatargas’ participation in this conference comes at a significant time as the world in general and the GCC region in particular now needs to address the future fuel mix requirements so as to optimise and diversify them. This is particularly so because many GCC countries are now using a mix of oil and gas to address their power generation needs.”
He added that the State of Qatar is fast approaching a big milestone in this regard which is the capacity to produce 77 million tonnes per annum of LNG which will definitely be an advantage for the entire GCC region. Presenting the paper, titled “Addressing the Power Generation Needs of a Growing GCC Economy,” Ahmed Al Khulaifi, Chief Operating Officer – Commercial and Shipping at Qatargas, pointed out that LNG is one such fuel source that can assist in providing GCC countries diversification in their fuel mix.
“LNG is available in the Gulf region and the prices are competitive as compared to alternative fuel sources. Furthermore, LNG provides a lower carbon emission alternative for GCC countries addressing the environment and fuel requirements in one solution.
Due to these benefits, several GCC countries have been actively seeking the use of LNG for power generation,” he said. Power-Gen Middle East was co-hosted by Qatar Power and supported by the Ministry of Energy, Qatar Electricity and Water Company, Qatargas and Qatar University.

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