Qatar energy minister says current gas market conditions unhealthy | Reuters
Qatar’s energy minister said on Tuesday that the current gas market condition is not a healthy one to be in and called on joint efforts towards energy transition.
"The current market situation is not healthy to be in," Saad al-Kaabi said on the sidelines of a virtual LNG conference in Japan, noting a lack of supply, disruptions, and weather conditions which has led to a spike in prices while demand continues to increase.
Kaabi said it was time to "set aside emotions" and realise that a successful energy transition cannot be achieved by producers alone and that it must be a joint effort including end- users.
The minister, who is also the chief executive of state-owned Qatar Petroleum (QATPE.UL), the world’s top liquefied natural gas (LNG) supplier, said in September that current high gas prices reflect a lack of investment as well as a shortage of supply but he did not regard the situation as a crisis.
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