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Doha- Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum (QP), H E Saad Sherida Al Kaabi, took part in a virtual interaction session with Prime Minister of India, Narendra Modi, for a discussion of various aspects of India’s energy sector.
The session, which was held on the sidelines of the “India Energy Forum”, brought Prime Minister Modi together with global oil and gas CEOs and experts for an exchange of ideas on India’s role in the global oil and gas sector, and on accelerating investment in India’s oil and gas value chain.
In his remarks during the interactive session, Minister Al Kaabi provided an overview of Qatar’s relations with India in the energy field with Qatar being India’s largest LNG supplier, in addition to partnerships that cover a wide spectrum of petroleum products and petrochemicals.
Minister Al Kaabi said, “We believe that natural gas is a critical component of India’s energy mix as the country seeks to boost its use across all sectors, while at the same time playing an important global role in curbing global warming. LNG, in particular, is affordable, efficient and environmentally sustainable; and we believe it is the ideal fuel for India.”
The minister also noted the Indian government’s policy reforms designed to attract investors and to achieve its goal of a gas-based economy.
He said, “We are pleased to see India continue to invest in gas infrastructure in line with the government’s policy reforms aiming to make India a gas-based economy, targeting a 15 percent share for gas in the country’s energy mix.”
India is one of the largest consumers of energy in the world and will be a major driver for future growth in demand for all types of energy – hydrocarbons as well as renewables.