Asia’s growing energy requirements need a reliable supply of LNG from a diverse portfolio of natural gas producers and developers, according to RasGas CEO, Hamad Rashid Al Mohannadi.
Gas supply to Asia
Speaking on panel discussion at Gastech 2014, titled 'Developing the Next Wave of Gas Supply to Asia-Pacific Markets', Al Mohannadi pointed out that that Asian customers need to remain focused on projects with strong and economically viable resources, which are serviced by reliable and experienced developers and operators.
Qatar leads the way
"Qatar's stable political and economic environment provides context for the continued reliable supply of LNG from existing LNG production facilities with a compelling and proven track record that is undisputedly world class. I believe the country is ideally positioned to lead the global shift toward the increased use of gas and to meet the expanding requirements for LNG in Asia. And RasGas has the technical and commercial expertise to deliver a secure, safe and reliable supply of LNG today and for years to come," said Al Mohannadi.
LNG as fuel
Referring to the varied uses for LNG, Al Mohannadi highlighted that liquefied natural gas is now used for fuel in power generation, industrial uses, and has rapidly gained acceptance as a fuel for shipping and large-scale road haulage. He cited the shift towards LNG powered ships in Australia, South Korea and the European Union, all of which are pushing ahead with pilot schemes, backed by policy makers.
Q-Max vessel conversion
"Qatar recently launched a project to convert a Q-Max vessel to use LNG as an alternative to heavy fuel oil. This allows us to further reduce emissions and provide greater flexibility of marine fuel supply," he added.
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/24032014/asia_needs_reliable_lng_supply_329/