World is Transitioning Towards A Cleaner Environment, Qatar's Minister of Energy and Industry Says

Houston, March 09 (QNA) - HE Minister of Energy and Industry Dr Mohammed bin Saleh Al Sada that the world is currently transitioning towards a cleaner environment. His Excellency was participating in a panel discussion on "Oil and Gas in a World of Transition" as part of CERAWeek conference that was held in Houston. His Excellency emphasized that the way to achieve this goal was to increase investment in technology to attain the balance between using fossil fuels and at the same time avoiding damage to the environment. HE the Minister of Energy and Industry also participated during his visit to the U.S. in the OPEC Ministerial Roundtable which was held on the sideline of the conference under the title "Climate and Sustainability". During the session, His Excellency highlighted the State of Qatar's status as a reliable producer of cleaner sources of fuel. HE Al Sada noted that demand for fuel will remain high and so investment in new technology is necessary to limit climate change. HE the Minister also participated in a panel session on the alliance between OPEC and non-OPEC producers. Joined by OPEC Secretary-General, ministers of energy from Kuwait, Equatorial Guinea and Kazakhstan, the panel reviewed the way OPEC managed to form the successful alliance with a number of non-OPEC producers to cut production with a compliance rate over 100 percent. His Excellency said that the historic agreement aimed at restoring balance to the oil market to the benefit of both producers and consumers alike. The panel praised the efforts exerted by the State of Qatar as president of OPEC during 2016 and most of 2015 in engineering the historic agreement and emphasized its position as an influential authority in the fields of gas as well as oil. Cambridge Energy Research Associates (CERA) was formed in 1983 in Cambridge, Massachusetts. The energy research and consulting firm quickly became known for its critical knowledge and independent analysis on energy markets, geopolitics, industry trends, technology and strategy. The conference is distinctive in the extraordinary depth and breadth of its content and the quality of the dialogue among participants. (QNA)