The Qatari Minister of Energy and Industry, Mohammed bin Saleh Al Sada, has declared that the rate of growth of demand for natural gas doubled in 2015 compared to the 2014, at a growth rate of 1.9%, despite the challenges facing the energy market, reported Reuters. Furthermore, demand is expected to continue to grow during 2017 but at a lower pace.
Al Sada’s comments came on during the 18th Ministerial Meeting of the Gas Exporting Countries Forum (GECF) held in Doha. He further explained that developments on the supply side are shaping new dynamics and trends in the markets and, and thus creating a new environment of competitiveness, according to the Qatari Tribune.
Al Sada concluded that global commitment to fight climate change presents growth opportunity for natural gas exporting countries. He said the gas exporting countries should take the opportunity to present the case of gas as the fuel of choice and as a source of energy that can contribute to the above cause, the most.
GECF is an international, governmental organisation which provides the framework for exchanging experience and information among member countries. It is a group of the world’s leading gas producers with a membership of 19 countries.