Policy
QatarEnergy chief urges shielding global energy from geopolitical conflict
Speaking in Riyadh, QatarEnergy CEO Saad Sherida Al-Kaabi has called for a new framework to protect energy infrastructure from being targeted during conflicts.
Key points
- QatarEnergy CEO Saad Sherida Al-Kaabi spoke at the 17th International Energy Forum Ministerial Meeting in Riyadh.
- Al-Kaabi stated that Middle East conflicts have triggered a severe global energy crisis and damaged regional assets.
- Macquarie strategists noted ongoing implications for oil and gas fundamentals amid the continuing Hormuz crisis.
What happened
During the 17th International Energy Forum Ministerial Meeting in Riyadh, Saudi Arabia, the President and CEO of QatarEnergy, Saad Sherida Al-Kaabi, emphasized the need to isolate the energy sector from political disputes, according to Rigzone reporting.
Al-Kaabi stated that ongoing hostilities in the Middle East have resulted in an unprecedented energy crisis, inflicting tens of billions of dollars in damage on regional infrastructure. Earlier statements from QatarEnergy projected that missile strikes on the Ras Laffan Industrial City would lead to annual revenue losses of roughly $20 billion and require up to five years for repairs.
Market implications
In a report shared with Rigzone, Macquarie strategists observed that the ongoing Hormuz crisis is creating lasting shifts in oil and gas fundamentals. While upstream oil markets show signs of a US supply response and increased activity in Venezuela, liquefied natural gas projects are advancing across various regions despite market volatility.
Al-Kaabi also attended the 25th World Petroleum Congress, participating in dialogues centered on energy security, supply chain resilience, and the future role of oil and gas markets.
Original reporting
This article draws on the following reports. Read them in full on the publishers’ sites.
Context from CEII
Policy sets the direction for energy investment: national transition plans, market reforms such as Nigeria’s Electricity Act 2023, and global commitments under the Paris Agreement.
100.0% of people in Qatar had electricity in 2024Countries in this story
Written by the CEII Desk, the Centre’s automated newsroom, from the reporting credited above and CEII’s own data. Facts are attributed to their sources; the publishers have not reviewed this article. Spotted an error? Tell our editors.
