Qatar Petroleum changes name to Qatar Energy
CEO Saad Al-Kaabi says the name change signals a new strategy focusing on energy efficiency and environmentally-friendly technology.
Published On 11 Oct 2021
Qatar Petroleum is changing its name to Qatar Energy to signal a new strategy that focuses on energy efficiency and environmentally-friendly technology such as capturing and storing carbon dioxide, its chief executive has said.
“It’s more of a reflection of what we’re actually doing that wasn’t reflected by the name that we had,” CEO Saad Al-Kaabi said on Monday.
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He said natural gas would remain part of the energy transition and would be needed for at least a few decades.
QatarEnergy – Your energy transition partner.#QatarEnergy #YourEnergyTransitionPartner#Qatar pic.twitter.com/7UpIY5I195
— QatarEnergy (@qatar_energy) October 11, 2021
Qatar is the world’s largest supplier of liquefied natural gas and aims to expand production to 127 million tonnes annually by 2027 from 77 million tonnes.
Al-Kaabi, who is also the Qatari minister of state for energy, said the state-owned firm wanted to be more efficient in its own energy use.
Source: Reuters