ST. PETERSBURG (Pakistan Point News / Sputnik - 06th June, 2019) Qatar will remain focused on liquefied natural gas (LNG) as Primary energy fuel, Yousuf Al-Jaida, Chief Executive Officer at Qatar Financial Center Authority, told Sputnik on Thursday in an interview.
"Qatar is the largest LNG exporter in the word, as you know we have the third biggest natural reserves in terms of LNG. LNG is our focus for the future, we diversified away from oil. Oil represents 20 percent of our energy exports, but the focus will remain on LNG in the near future for a very, very long time," Al-Jaida said on the sidelines of the St. Petersburg International Economic Forum (SPIEF).
Al-Jaida pointed out that Qatar had "made a bet 15 years ago, that LNG will [be] the power source in the energy sector" and was "proven right."
"It seems the rest of the world is aligned in seeing LNG as the most prominent energy source in the future," Al-Jaida said.
SPIEF began on Thursday and will last through Saturday. Rossiya Segodnya International Information Agency is an official media partner of the forum.
