Developing Resources in Volatile Environment Biggest Challenge for Gas Industry, Says Qatar

The biggest challenge facing the natural gas industry is how to develop the resources in a volatile environment amid variation in consumer-producer perceptions about how to ensure the stability of the markets in the long term, according to Qatar’s Minister of Energy and Industry Mohammed bin Saleh Al Sada.

The minster, who spoke at the 3rd LNG Producer-Consumer Conference held in Tokyo on Thursday said contracts must mainly consider balanced contractual terms to ensure stable supply for consumers and security of demand for producers, Qatar News Agency reported.

Al Sada also emphasised the importance of the Qatari-Japanese cooperation in the field of LNG, especially as Qatar is Japan's second largest LNG supplier.

During the 8th Ministerial meeting of the Qatari-Japanese Economic committee, the two sides discussed the latest developments in the efforts to upgrade their cooperation to "Comprehensive Partnership", Qatar News Agency added.

Qatar affirmed commitment to continuing and expanding supply of LNG and petroleum derivatives to Japan, according to stabled and agreed-upon terms.