Major changes on the supply and demand sides of the global liquefied natural gas (LNG) market require Qatar to adjust its strategy to maintain its position as the world\u2019s leading LNG supplier, according to HE Dr Ibrahim B Ibrahim, Economic Adviser at the Amiri Diwan.
\nDr Ibrahim was speaking at Carnegie Mellon University in Qatar (CMU-Q) as a part of the \u2018Dean\u2019s Lecture Series\u2019, a forum for leaders in business and government to discuss issues that affect the future of Qatar and the wider world.
\n\u201cAs we develop Qatar\u2019s long-term policies for LNG, it is crucial that young people understand the issues that we face. LNG policy has an enormous impact on Qatar and I am delighted to share the challenges and opportunities with young professionals who will one day make these policies themselves,\u201d said Dr Ibrahim.
\n\u201cThe Dean\u2019s Lecture Series is an opportunity to speak directly to the students about issues that are crucial to Qatar,\u201d he said yesterday.
\nDr Ibrahim noted that the LNG sector faced challenges on the supply side, including the development of the shale gas industry sector in the US, the expansion of LNG supply from Australia, and the expected ascendance of the LNG positions of Russia and African countries.
\nOn the demand side, there is expected expansion of gas consumption in large economies such as China, India and Brazil.
\nDr Ibrahim suggested that Qatar should adhere to the pillars of its LNG strategy to weather these challenges. These encompass a fully integrated production and delivery model, cost optimisation in the LNG delivery model, and the leveraging of the Qatargas brand, which is associated with \u201creliability, flexibility, loyalty, and a strict compliance\u201d to contractual obligations.
\nWhile the development of shale gas would have a negative impact on LNG prices in the short-term, Dr Ibrahim argued that the impact could be positive in the long-term, particularly for large gas suppliers such as Qatar.
\nIn other words, the development of shale gas would contribute to lengthening the duration of gas as a viable source of energy.
\nQatar should also intensify the development of its gas resources, Dr Ibrahim said, noting that the country has recently lifted the moratorium on expanding production from the North Field, and announced its intention to increase its LNG production capacity by 32mn tonnes. This announcement is expected to affect future projects from marginal suppliers, and the resulting capacity would allow Qatar to maintain its position as a leading world LNG exporter for years to come.
\nMichael Trick, dean, CMU-Q, noted the educational value of Dr Ibrahim\u2019s remarks: \u201cOur students study science, business and technology, fields that all intersect with the oil and gas sector. His Excellency\u2019s perspective will illustrate to them how the concepts they are studying are managed from a policy standpoint. We very much appreciate HE Dr Ibrahim\u2019s dedication to education and cultivating human capital.\u201d
\nCarnegie Mellon Qatar offers undergraduate programs in biological sciences, business administration, computational biology, computer science, and information systems.
\nGraduates from CMU-Q are making a deep impact in Qatar and around the world, including within Qatar\u2019s LNG sector.<\/p>\n","protected":false},"excerpt":{"rendered":"
Major changes on the supply and demand sides of the global liquefied natural gas (LNG) market require Qatar to adjust its strategy to maintain its position as the world\u2019s leading LNG supplier,…<\/p>\n","protected":false},"author":1,"featured_media":1809,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[46,57,90,96,107,137,139,160,174,184,201,202,209,232,233,244,246,249,256,267,277,279,288],"class_list":["post-1804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-aramco","tag-baroudi","tag-democracy","tag-doha","tag-embargo","tag-gas","tag-gazprom","tag-international-maritime-disputes","tag-lebanon","tag-maritime-disputes","tag-offshore","tag-oil","tag-opec","tag-putin","tag-qatar","tag-rosneft","tag-roudi","tag-russia","tag-saudi","tag-straddling-hydrocarbons-reserves","tag-total","tag-trump","tag-usa"],"_links":{"self":[{"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/posts\/1804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1804"}],"version-history":[{"count":0,"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/posts\/1804\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/media\/1809"}],"wp:attachment":[{"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}