HE Minister of Energy and Industry Dr. Mohammed bin Saleh Al Sada emphasised the importance of the Qatari-Japanese cooperation in the field of Liquefied Natural Gas (LNG), especially as Qatar is Japan's second largest LNG supplier. In a speech before the 3rd LNG Producer-Consumer Conference, currently held in Tokyo, HE Dr. Al-Sada said that the biggest challenge facing the natural gas industry is how to develop the resources in a volatile environment and amid variation in perceptions of consumers and producers about how to ensure the stability of the markets in the long term.
LNG contracts must mainly consider balanced contractual terms to ensure stable supply for consumers and security of demand for producers, he added. HE Dr. Mohammed bin Saleh Al-Sada also made a quick presentation on LNG market situation and the latest developments that affect the map of supply and demand in the world. He explained that the State of Qatar, which began LNG production since 1997, is committed to maintaining its reputation and world confidence as a reliable LNG supplier, adding that Qatar boasts its long-term relationship and will always be supporting its partners.
The 3rd LNG Producer-Consumer Conference, one of the most important gatherings concerned with the LNG industry, is held annually in Tokyo under the sponsorship of the Japanese Ministry of Economy, Trade and Industry and in the presence of hundreds of officials, experts and executives working in this field. HE Dr. Al-Sada arrived Wednesday in Tokyo for a three-day official visit, heading the Qatari delegation to the 8th Ministerial Meeting of the Qatar-Japan Joint Economic Committee and to the 3rd LNG Producer-Consumer Conference which started today.
HE the Minister of Energy and Industry was welcomed upon arrival at Tokyo Haneda Airport by HE the Qatari Ambassador to Japan Yousif Mohamed Bilal and a number of officials in the Japanese foreign and economy ministries. 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". The also discussed bilateral economic relations and stimulating business and cooperation environment in the field of energy as well as other areas such as health, education, culture, arts, tourism and civil aviation.
The two sides stressed the importance to continue promoting bilateral cooperation in the field of energy, and encouraging a multilateral dialogue between producers and consumers. In this regard, the Qatari side affirmed commitment to continuing and expanding supply of LNG and petroleum derivatives to Japan, according to stabled and agreed-upon terms. The Japanese Minister of Economy, trade and Industry Yoichi Miyazawa, headed his country's delegation, to the 8th Ministerial meeting of the Qatari-Japanese Economic committee, which included the Japanese minister of state for foreign affairs and a number of senior officials.
The Qatari delegation included a number of senior officials in the Ministry of Energy and Industry, the Ministry of Foreign Affairs, the Ministry of Finance, the Ministry of Economy and Commerce, the Supreme Education Council, the Supreme Council of Health, Public Works Authority (Ashghal), Qatar Petroleum International (QPI), RasGas, Qatargas, Nakelat, Nibras Energy, Hassad Food co. and Qatar Airways in addition to HE the Ambassador of the State of Qatar to Japan.