QatarEnergy has launched its updated sustainability strategy reemphasising its commitment, as a major energy producer, to the responsible production of clean and affordable energy to facilitate the energy transition.
Building on the achievements of its ‘2019 Sustainability Strategy’, QatarEnergy will maintain focus on three priority areas: climate change and environmental action, responsible operations, and social and economic development. In addition, and in line with global momentum for climate action, numerous targets have been revised to step-up ambitions.
QatarEnergy’s updated Sustainability Strategy outlines multiple initiatives to reduce Greenhouse Gases emissions, including flagship projects such as the further deployment of carbon capture and storage (CCS) technology to capture over 11 million tonnes per annum of CO2 in Qatar by 2035. These projects will further reduce the carbon intensity of Qatar’s LNG facilities by 35 percent, and of its upstream facilities by at least 25 percent compared to previous targets of 25 percent and 15 percent respectively, bolstering Qatar’s commitment to responsibly supply cleaner LNG at scale in support of the energy transition.
Furthermore, QatarEnergy will continue pursuing efforts to advance the midterm targets of increasing solar capacity to over 5 GW and eliminating routine flaring and limiting fugitive methane emissions along the gas value chain.
Commenting on the updated strategy, the Minister of State for Energy Affairs and QatarEnergy President and CEO of said HE Saad Sherida Al Kaabi said, “In QatarEnergy, we believe we have a significant role to play to mitigate climate change. This will be achieved by implementing our Sustainability Strategy, through applying effective measures to curb emissions, producing cleaner LNG using the latest proven emissions reduction technologies, expanding renewables capacity, and compensating for residual emissions through CCS and nature-based solutions, where appropriate.”
“As the world’s largest LNG-producing company, in a solar-resource-rich region, our sustainability strategy builds on these strengths and illustrates our efforts in exploring, with our global partners, a variety of relevant low-carbon energy solutions, including hydrogen, both in Qatar and internationally, to learn, replicate and scale-up promising solutions,” Kaabi said.
QatarEnergy has recently signed separate agreements with Shell and Korea’s Hydrogen Convergence Alliance (H2Korea) for cooperation in the field of hydrogen energy both in Qatar and internationally. These efforts will focus on sectors such as industry and transportation, where hydrogen could offer a credible and material decarbonisation route.
In addition, QatarEnergy is placing significant focus on improving its environmental footprint and enhancing the resilience of biodiversity in Qatar through adding nature-based solutions that would eliminate CO2 emissions and enhance local habitats to improve the quality of life.
Through its updated sustainability strategy, QatarEnergy’s reaffirms its commitment to the protection of the environment, while establishing harmony between economic, social, and environmental objectives in line with the Qatar National Vision 2030. The sustainability strategy also reaffirms QatarEnergy’s commitment to meeting the social challenges in an increasingly competitive and complex energy landscape while achieving a world-class safety culture that ensures a secure, safe, and healthy environment for all people and communities in which QatarEnergy operates.