H E Dr Mohammed bin Saleh Al Sada with Dr Ernest Moniz.
Washington: The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada met in Washington the US Energy Secretary Dr Ernest Moniz. The two ministers discussed bilateral ties and cooperation in the energy field as well as a number of relevant issues.Al Sada, who was on a working visit to the US, held talks with senior US government officials, including Ambassador Carlos Pascual, the US State Department’s special envoy and coordinator for international energy affairs.
Al Sada had earlier called on key players in the American and Qatari energy industry to seize cooperation opportunities in both countries as well as in other parts of the world.
He was speaking at reception hosted in his honour by the US-Qatar Business Council, which was attended by 150 business leaders and policy makers across a wide spectrum of sectors.
Al Sada acknowledged the major contribution of American companies in Qatar’s rapid development, saying that “American companies have been true partners in our success. Their contributions to the entire spectrum of our industry are highly valued.”
He said that Qatar is one of the earliest investors in the American LNG sector. “Qatar Petroleum was there earlier on, when all scenarios and forecasts pointed to the US becoming a net importer of natural gas,” he said. “We are watching all the developments in the American shale gas industry with great interest, especially as rising production and low domestic prices stimulate a switch to natural gas in power generation, and provide many opportunities in the petrochemical and manufacturing industries.”
“It is worth mentioning here that Qatar Petroleum and its partners ExxonMobil are promoting Golden Pass Products. This is a new LNG exports company with a 10-billion dollar project to build gas liquefaction facilities at its existing terminal site in Golden Pass, Texas. This project is expected to add important export capabilities to serve world markets,” he added.
The Minister reiterated the importance of efforts promoting the use of natural gas as a source of clean energy, which opens the way for more investments in this field, contributes to diversifying energy sources, and helps meet the challenges of climate change.