Today, Monday, in the Qatari capital, Doha, the Minister of Energy and Mines, Mohamed Arkab, participated in the work of the 12th Arab Energy Conference, which was held this year under the slogan “Arab Energy and Cooperation,” and under the patronage of His Highness Sheikh Tamim bin Hamad Al Thani, Emir of the State of Qatar, and witnessed The participation of the Presidents and Directors General of Sonatrach and Sonelgaz, and a number of ministers and officials concerned with energy in Arab countries, such as Mr. Saad bin Sherida Al Kaabi, Minister of State for Energy Affairs of the State of Qatar and President of the Conference.
The twelfth edition of this conference discussed a number of important issues over two days, most notably international developments in global energy markets and their implications for the Arab energy sector, in addition to topics related to energy, environment, and sustainability.
On the sidelines of this conference, Algeria chaired the first technical session entitled “Energy Sources in the Arab Countries and the World,” which discusses a number of research papers, including “Oil and Natural Gas in the Arab Countries and the World” presented by OAPEC, and “The Future of Nuclear Energy in the Arab Countries.” “Presented by the Director General of the Arab Atomic Energy Authority (AIEA).
In his speech during the opening session of the 12th Arab Energy Conference, the Minister of Energy and Mines, Mr. Mohamed Arkab, indicated that this conference is considered a space for dialogue and exchange of views on issues related to the energy sector, and future challenges to ensure energy supplies in the long term in light of the current and future bets and changes. Geostrategy, and it is an appropriate opportunity to discuss and enrich very important topics related in their entirety to energy security and environmental challenges.
Regarding this conference, the Minister indicated that it is being held in a very special situation characterized by multiple disturbances and developments, whether those related to the structural development of the oil and gas industry, and new and renewable energies, or those related to the geopolitical situations in some energy-producing regions, which have had a significant impact on energy supplies, It caused volatility and instability in its markets. The major industrial “consuming” countries’ priorities revolve around ensuring that there is no shortage or interruption of energy supplies, in addition to the necessity of diversifying their sources, while energy producers with their various sources see that energy security is achieved through reaching appropriate prices for all in global energy markets, with the presence of consuming markets. Developing the infrastructure of oil and gas facilities.
The Minister also stated that the emergence of an atmosphere of uncertainty in international markets reflects the fears of actors, manufacturers, and financiers regarding the adoption of low-carbon strategies by developed countries while limiting investments in fossil energy resources, including gas, although natural gas, with The flexibility of its use is considered a clean and sustainable energy source that can support the energy transition process and accelerate its achievement, especially in countries with high gas potential. This is what is dictated by the seventh goal of sustainable development, that is, the regular supply of energy resources at appropriate, stable and sustainable prices.
The minister added, speaking about the strategic development plan for the energy and mining sector in Algeria, which included part of the perspective of ensuring energy security, in recognition of the double challenge facing our country, which is first to cover the national demand for energy, and to contribute effectively to the economic and industrial development of the country by preserving our exports. Especially from gas to reach the optimum level, and secondly, working to fulfill our future obligations towards our customers abroad. Our development plan is mainly based on renewing our fuel reserves and production, as well as developing wealth-generating activities, such as petrochemicals, refining, and developing the mining products industry. The structural reforms currently being taken also aim to diversify our economy, reduce dependence on fuel revenues, and intensify efforts to manufacture inputs for energy activities locally.
The Minister continued, stressing that the transformation in the field of energy has been included as a priority goal through the introduction of new and renewable energies and the rationalization of energy use with the aim of developing the national energy mix and enhancing the means of producing electricity, which enables us to preserve natural resources for future generations and allocate additional resources that can be redirected. For export, and in this context, Algeria is implementing the National Program for Renewable Energies. The Minister indicated that its total capacity will reach 15,000 megawatts by 2035, including 6,000 megawatts during the period from 2023 to 2027. Algeria, by virtue of its geographical location, has the largest solar energy reservoir in the world. In addition to its potential for green hydrogen, all of this allows for the rapid integration of our country into the regional dynamics of hydrogen.
The Minister also explained that Algeria has committed to reducing 30% of greenhouse gas emissions by 2030, and among the projects that were launched within this framework is a project to reduce combustible gas emissions, and we have achieved a reduction of 1% from the current 3%.
The Minister concluded his speech, on this occasion, stressing that the Algerian government, by adopting the partnership as a strategic option, has taken many measures that stimulate growth, as well as promoting investment and improving the business climate, through the enactment of a new hydrocarbons law and the investment law, which provide several advantages to customers, especially foreign ones, in addition to Modernizing the banking and financial system and constantly reviewing the currency and credit law, as well as adapting the public procurement law to give more flexibility to contractual terms, in addition to providing facilities in terms of administrative procedures and obtaining industrial real estate, which allows improving Algeria’s attractiveness for investment. The Minister also called for making the right decisions that would benefit the organization and its member countries, in order to enhance cooperation, exchange experiences, and support human capital.
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