Qatar’s Energy Minister Saad Sherida Al Kaabi expressed little concern over President-elect Trump’s plan to lift the cap on U.S. LNG exports, emphasizing that additional competition is welcome. He noted that LNG projects require significant time to develop and are driven by market viability. Al Kaabi also highlighted the potential negative impact of the EU's Corporate Sustainability Due Diligence Directive on companies, warning it could deter foreign investment in struggling European economies.
QatarEnergy's CEO Saad Al-Kaabi criticized a new EU directive imposing stringent ESG reporting standards, arguing it poses unreasonable challenges for companies like his. He questioned whether the EU is signaling a desire to exclude Qatari LNG from its market during his remarks at the Doha Forum.
At COP29, Namibia is actively seeking oil and gas investments, promoting its potential to double GDP by 2040 through exploration in four basins and partnerships with companies like BW Energy. However, experts caution that reliance on fossil fuels may lead to economic pitfalls similar to those faced by Nigeria and Angola, risking environmental degradation and stranded assets as the world shifts towards clean energy.
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