Qatar will be Capturing 5 Million Tonne Per annum of CO2 by 2025 - Mr Al-Kaabi
His Excellency Mr Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs the President and CEO of Qatar Petroleum highlighted Qatar’s commitment to the world’s security of energy supplies and the sustainability of economic growth, while at the same time tackling global environmental challenges. His Excellency’s remarks came during a keynote speech at the opening of the 40th Oil & Money Conference, held in London under the theme ‘Strategies for the Energy Transition.’
Mr Al-Kaabi said that with respect to Greenhouse Gas emissions, we are investing hundreds of millions of dollars in our North Field LNG Expansion Project to apply technologies that will result in a 25% reduction in Greenhouse Gas emissions compared to similar facilities through substantial reduction of fuel gas consumption and capturing and re-injecting CO2 extracted from the feed gas.”
He said that “More recently, we have successfully commissioned a facility at Ras Laffan to become the largest CO2 recovery and sequestration facility in the MENA region with a capacity of 2.1 million tons per annum of CO2. With such new Carbon Capture and Storage projects, Qatar’s LNG industry will be capturing and sequestering more than 5 million tons of CO2 per annum by 2025.”
His Excellency Mr Al-Kaabi highlighted the environmental challenges facing today’s world, including mean temperatures, seasonal cycles and extreme events. He said, “We need to reach the right balance of reliable and secure sources of energy, which maintains our growth needs while at the same time alleviates our environmental concerns.”
Source : Strategic Research Institute