Andrew P Swiger, senior vice-president of ExxonMobil, has said the US oil giant sees a future shift from coal to lower-carbon fuels, particularly natural gas, leading to a profound change in the fuel mix used to generate electricity.
According to ExxonMobil’s predictions, around one-sixth of the world’s natural gas demand in 2040 may be met by LNG alone.
“Needless to say, Qatar is well positioned to benefit from these developments,” Swiger told the Doha Forum on Democracy, Development and Free Trade.
ExxonMobil has joint ventures with Qatar Petroleum to help in the development of the North Field, the world’s largest non-associated gas field.
The company is also involved in the Gulf country’s Al Khaleej Gas and Barzan Gas projects, which provide critical supplies for the domestic market.