QATAR has consolidated its position as a provider of cleaner energy to the world. The country, which is the largest exporter of Liquefied Natural Gas (LNG), continues to take measures for responsible production of clean and affordable energy.
Qatar joined its partners yesterday in the Net-Zero Producers Forum (NPF) in signing its Terms of Reference (ToR), officially launching the forum with the objective of helping to achieve net-zero emissions while supporting a sustainable and secure energy future.
The Minister of State for Energy Affairs H E Saad Sherida Al Kaabi, signed the ToR in a special ceremony in Houston, Texas. The signing sets the stage for greater efforts towards developing and deploying clean-energy and carbon capture and storage technologies, diversification from reliance on hydrocarbon revenues, and other measures in line with each member country’s national circumstances.
Last week, QatarEnergy, the world’s largest LNG-producing company, launched its updated Sustainability Strategy reemphasising its commitment, as a major energy producer, to the responsible production of clean and affordable energy to facilitate the energy transition.
Building on the achievements of its ‘2019 Sustainability Strategy’, QatarEnergy will maintain focus on three priority areas: climate change and environmental action, responsible operations, and social and economic development.
In addition, and in line with global momentum for climate action, numerous targets have been revised to step-up ambitions.QatarEnergy’s updated Sustainability Strategy outlines multiple initiatives to reduce Greenhouse Gases emissions, including flagship projects such as the further deployment of carbon capture and storage (CCS) technology to capture over 11 million tons per annum of CO2 in Qatar by 2035.
These projects will further reduce the carbon intensity of Qatar’s LNG facilities by 35 percent, and of its upstream facilities by at least 25 percent (compared to previous targets of 25 percent and 15 percent, respectively) bolstering Qatar’s commitment to responsibly supply cleaner LNG at scale in support of the energy transition. Furthermore, QatarEnergy will continue pursuing efforts to advance the midterm targets of increasing solar capacity to over 5 GW and eliminating routine flaring and limiting fugitive methane emissions along the gas value chain.
QatarEnergy has recently signed separate agreements with Shell and Korea’s Hydrogen Convergence Alliance for cooperation in the field of hydrogen energy both in Qatar and internationally. In addition, QatarEnergy is placing significant focus on improving its environmental footprint and enhancing the resilience of biodiversity in Qatar through adding Nature-Based Solutions that would eliminate CO2 emissions and enhance local habitats to improve the quality of life
