Paris, France – 19 November, 2013: The development of new technologies for the extraction of natural gas along with government policies favouring gas are positive steps towards recognising natural gas as a cleaner energy source in the global market, said RasGas Company Limited's (RasGas) Chief Marketing and Shipping Officer, Khalid Sultan R. Al Kuwari, at the CWC World LNG Summit, currently being held in Paris, France.
In his opening keynote address titled 'Key Drivers of the Global LNG Business Today', on the first day of the four-day summit, Al Kuwari emphasized natural gas' inherent reliability, storability and environmental benefits when compared to other primary energy sources. These are all factors that will drive the growth in demand of pipeline sales gas and liquefied natural gas (LNG) going forward.
In his speech, Al Kuwari cited governments' regulatory policies that encourage the integration of sophisticated gas infrastructure in Europe. Addressing other key markets, he noted that while the gas industry has harnessed the latest technologies for shale fracking in the USA, it may witness another shift with the growing possibility of gas production from methane hydrates.
"The need for clean gas continues to mature and evolve and the 'Shale Gale' could turn out to be a breeze relative to the 'Hydrate Hurricane' if commercial exploitation techniques are developed. As a global energy supplier, RasGas remains focused on providing a secure, safe and reliable supply of LNG to meet changing demands," said Al Kuwari.
The CWC World LNG Summit brings together over 500 industry professionals from all over the world. This is RasGas' ninth consecutive participation in the annual event for which it is also a gold sponsor.