Posted on March 30, 2014

The Organization of Petroleum Exporting Countries Secretary General HE Abdalla Salem El-Badri will deliver The 2014 Abdullah Bin Hamad Al-Attiyah International Energy Awards Lecture at the annual gala dinner event at the Museum of Islamic Art, Doha on April 8th.

The Keynote speech by the head of OPEC will address an international energy audience, supported by Shell, on the outlook for global energy security in light of Russia’s dramatic standoff with the West over Moscow’s seizure of the Ukraine’s Crimea peninsula, which has stoked fears of possible gas supply disruptions to Europe, which relies on Russia for 25% of its gas imports, the vast majority of which is transported through Ukrainian territory.

Abdalla Salem El-Badri, OPEC 1 [qatarisbooming.com].jpgEuropean countries, including Germany, have sought to speed up diversification of their natural gas supplies since Russia cut off deliveries to Ukraine and other parts of the EU in 2006 and 2009 over disputes related to pricing and supplies. Europe is now looking to raise imports of liquefied natural gas, including from Qatar, the world’s largest exporter of the super-cooled fuel that already supplies about 10 percent of the bloc’s requirements.

"Qatar will continue along this path supporting European economies by supplying LNG,” HE Abdullah bin Hamad Al-Attiyah, the Gulf state’s former energy minister and now Chairman of the Administrative Control and Transparency Authority, said in an address on Energy Transition and the Role of Europe at the annual Brussels Forum this week.

Qatar’s largest LNG producer, Qatargas, signed its first five-year supply deal with Germany’s E.ON in 2013 covering the delivery of about 1.5 million tons of LNG annually via the Gate LNG Terminal in Rotterdam. Tensions between Germany and Russia over Ukraine’s political future have propelled the issue of energy security to the very top of governments’ agendas and highlighted the need to maintain and advance the ongoing dialogue between energy consumers and producers.

El-Badri, who sits at the helm of OPEC, supplier of about 40 percent of world crude, will outline the possible implications of ongoing geopolitical events on global energy markets and the role of oil and gas producers in the Middle East and North Africa in helping secure future energy supplies to consuming nations. Recent geopolitical developments come at a time when the global energy industry is undergoing a period of rapid transformation triggered by North America’s shale boom and sustained world demand growth that has seen the emergence of new energy corridors at a time when the sector is also confronted with a looming skills shortage, which will present another raft of energy security challenges in the coming years.

“Cooperation is the only way forward for governments and energy companies in an increasingly interdependent world,” said Dr. Aldo Flores-Quiroga, Secretary-General of the International Energy Forum, who along with El-Badri is part of an independent selection committee tasked with choosing the 2014 winners of the Abdullah Bin Hamad Al-Attiyah International Energy Awards for Lifetime Achievement. The Al-Attiyah Energy Awards, now in their second year and supported by Qatar Shell as Gold Partner and Qatar Petroleum as Silver Partner, were established to celebrate the legacy of Qatar’s former Minister of Energy and recognize distinguished individuals for their Achievements over the full career cycle in the global energy industry.

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