Ovintiv to buy Logan Energy in deal valued at $1.26 billion, including debt

In Doha, Qatar, the Minister of State for Energy Affairs, HE Saad Sherida Al-Kaabi, emphasized the importance of safeguarding energy infrastructure and shipping routes during conflict. Addressing the 28th Ministerial Meeting of the Gas Exporting Countries Forum in Moscow, Al-Kaabi stressed that disruptions to these crucial pathways have significant global implications for trade and energy security.

He pointed to the ongoing conflicts in the Gulf region and repeated attacks on energy facilities as examples of how such disruptions can severely curtail shipping through vital routes like the Strait of Hormuz, limiting access to energy and essential products worldwide. Al-Kaabi highlighted that Qatar itself had faced attacks on its energy production facilities, leading to production halts and restrictions on LNG vessel movements through regional shipping lanes.

He reaffirmed Qatar's commitment to peace and its dedication to providing reliable energy supplies, particularly liquefied natural gas (LNG). Al-Kaabi stressed that meeting global demand for natural gas necessitates substantial investment across the gas value chain, backed by market certainty, fair financing access, and long-term cooperation between producers and consumers.

Concluding his address, Al-Kaabi affirmed Qatar's role as a cornerstone of a diversified global energy mix and emphasized the collective responsibility to ensure natural gas remains integral to the global energy transition.