QP CEO says Qatar has not cut off gas to UAE

 28 Sep 2017 - 2:49

QP CEO says Qatar has not cut off gas to UAE

QNA

Qatar will remain the leader and will maintain its position as the world’s largest producer of Liquefied Natural Gas (LNG), said Qatar Petroleum (QP) President and CEO Eng Saad Sherida Al Kaabi (pictured). Delivering a lecture at Qatar University, Eng Al Kaabi pointed to growing global demand for gas, adding that Qatar provides a large part of this need. “There is an expansion of our investments inside and outside Qatar.”

QP CEO stressed that the company has been able to overcome the siege and its repercussions since the early days, thanks to its strategies and plans in the field of crisis management.

A team to manage the crisis was formed and included all QP’s companies, he said. “We identified problems and how to overcome them. The main problem was the import of some products for day-to-day operations, but we were able to overcome them and find alternatives in record time. Five days after the imposition of the siege, we announced that things are going on normally and that all problems have been overcome.”

Eng Al Kaabi pointed out that prices of some of the products needed for company’s operations are now 30% lower than before the siege. With clear plans and strategies and an able and cooperative team, QP could overcome all difficulties, he said. On the Dolphin line which supplies the UAE with gas, Eng Al Kaabi renewed the State’s commitment to all its pledges to supply oil and gas. The State of Qatar has dealt with the gas pipeline to the UAE in a civilised and humanitarian manner, he said.

Qatar has not cut off gas to the UAE despite a force majeure clause it is entitled to, including the blockade, he said.

As for the joint field with Iran, Eng Al Kaabi said that there are agreements and clear borders and a joint committee in this regard between the two countries. “We have our projects and they have their projects and nothing new in this regard.”

On the renewable energy sector, QP CEO pointed to the launch of Siraj solar energy, a joint venture between Qatar Petroleum and Qatar Electricity and Water Company.

Eng Al Kaabi highlighted Qatar’s ongoing efforts to drive forward the education sector in line with the goals of Qatar National Vision 2030 and the Human Development Strategy. He said: “The State of Qatar continues in its efforts to encourage the youth to develop their professional abilities and to assume leadership roles in various fields.”

QP CEO noted that QP provides Qatar’s youth with various activities and training and professional development opportunities to uplift their skills and competencies and to enable them to compete with their peers at international well-renowned oil and gas companies. He also noted that QP is a leading national organization fully managed by Qatari nationals and home to highly qualified staff and distinguished expertise in various technical and administrative fields.