Qatargas’ Chief Operating Officer – Commercial & Shipping, Alaa Abujbara, shared Qatargas’ views on the European energy market, the current and future role of LNG, the influence of new energy policies and Qatargas’ marketing activities across Europe.
Speaking at the annual Flame conference held in Amsterdam from May 19-22, Mr. Abujbara’s presentation was titled “European LNG Supply and Demand Implications”.
Mr. Abujbara discussed key events in Europe’s recent energy history, beginning with the consumption of coal in the fifties, how this trend led to the great smog of 1952, which in turn inspired the use of cleaner fuels over the next decades. Mr. Abujbara continued by pointing out the recent return to coal in the energy mix and he then asked the question if Europe was coming full circle by returning to coal.
He then proceeded to discuss the energy options for Europe going forward. He made a clear case for LNG as a major part of the energy mix by highlighting its advantages over alternative fuel sources like renewables, nuclear, coal, pipeline gas and liquid fuels.
In concluding his views on how Europe will meet its future energy demand, Mr. Abujbara said: “The fact is that Europe needs energy and long term LNG is the best option, which offers both clean energy and good security of supply. If Europe wants to secure LNG, Europe needs to attract LNG in competition with other global customers, or risk facing a choice between higher pollution and lower security of supply.”
On Flame’s 20th anniversary, he also re-affirmed Qatargas’ commitment to supplying LNG to Europe.
Flame – Europe’s leading gas and LNG conference was launched in 1994 and has been held annually in Amsterdam in The Netherlands
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