Shell's CEO Peter Voser Says: Shell Invests $ 20 Billion in Qatar Over Past 5 Years

Doha, December 06 (QNA) -Royal Dutch Shell Chief Executive Officer Peter Voser has revealed that the volume of Royal Dutch Shell company's investments in the State of Qatar amounted to U.S. Drls. 20 billion over the past five years. The Chief Executive of the Company (Shell) said he feels proud of the strategic partnership Shell company achieved in Qatar, where it cooperated with "Qatar Petroleum" to build the largest energy project in the world in Ras Laffan Industrial City, a project of the Pearl GTL and the production line Qatargas 4 LNG. Addressing the second plenary session of the 20th World Petroleum Congress (WPC) held here today under the title "The role of Qatar in the future energy scene'' convened in the framework of such a WPC, Voser said the climate is encouraging for investment in Qatar has contributed to urging the Shell company to launch such a project, which is characterized by the provision of fuel-friendly environment, in addition to providing new opportunities for natural gas applications that will in turn contribute to the diversification of energy mix and securing supply, stressing that this is an example set for the steps adopted to meet the princ fluctuations . He noted in the same context, that the State of Qatar has become a leading country in the natural gas industry, pointing to its historic accomplishmemnt with its production amounting to 77 million tons per year of natural gas (LNG) in a record time thanks to the wise leadership of His Highness the emir Sheikh Hamad bin Khalifa Al Thani, the Emir. He stressed the importance of partnership between the (Shell) and Qatar in the region to ensure the response to growing global demand for energy and achieving sustainable development, stressing meantime that one of the most important objectives in common with the governments is to reduce the volatility in commodity prices, and the need to adhere to the principles of supply and demand in order to alleviate the pressure. In this context, Voser, underlined the importance of establishing a constructive dialogue between the energy producers and consumers in order to guarantee the energy supplies to the world and made available to consumers in a safe manner, affirming however the commitment of Shell to the establishment of new projects to secure the growing global demand for energy to ensure the protection of the interests of both the producers and the consumers alike. (QNA)