Brussels: Many European countries are suffering negative economic conjuncture and high unemployment and, therefore, may begin to change approach to energy security in the near future, Chairman of the Administrative Control and Transparency Authority H E Abdullah bin Hamad Al Attiyah said addressing the Brussels Forum during a workshop entitled “Energy Transition and the Role of Europe”.
Al Attiyah said European governments may review strategies to shorten the gap of competitiveness with the United States, develop solutions and options to decrease the dependency on natural gas from Russia, and consider indigenous shale gas option.
Guided by the vision of the Emir H H Sheikh Tamim bin Hamad Al Thani and its long term national development strategy, he added, Qatar has made sizeable investments in a broad range of industries in Europe. “Qatar will continue along this path supporting European economies by supplying LNG and developing commercial relationships. Despite the current economic slowdown in the continent, we believe in the future of Europe,” Al Attiyah said.
He pointed to the “truly remarkable” recent phenomenal developments of the unconventional gas resources in the United States, which “may revolutionise the energy landscape in North America over the next decade.”