DOHA administrative control and transparency Authority President he Abdullah bin Hamad al Attiyah has said that supported by strong technological and financial resources, Qatar begins a new era in energy market focused on gas instead of oil.
Speaking at the opening of the 14th international oil Summit in Paris, Attiyah said that Qatar has grown the market leader in the production of LNG, with a capacity of 77 million tonnes a year and is the largest supplier in the world.
It also has the forefront in various other industries based on gas. In this context, he noted that Qatar has become one of the largest aluminium smelters in the world until.
He talked about the growing global energy needs, which is due to the growth in global economic growth and population.
He pointed out that the demand for fossil fuels growing significantly and are expected to grow at 35 percent in the next 20 years.
Attiyah said the dynamics of the energy markets will be decided by the emerging economies.
He said the rates of production and growth of income in the BRIC group and a number of other emerging economies, suggest they will surpass the developed economies. This economic power will shift from advanced economies to emerging ones, he said.
However, fossil fuels, oil, natural gas and coal will continue to meet the most global energy needs. She remains the dominant source of energy for the next 20 years.
He also noted that climate change and the political consequences, is another big trend that will affect on the future of energy, in particular with respect to fossil fuels.
Efforts of the Governments to combat the threat of carbon dioxide emissions by means of stringent environmental policy can influence the production and use of fossil fuels, he said.
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