(MENAFN- The Peninsula) Energy markets will continue to play a vital role in shaping the global economy. Currently, fossil fuels provide more than 81 percent of the world's energy needs, and will continue to provide three-quarters of those needs after a quarter of a century, H E Dr. Mohammed bin Saleh Al Sada, Minister of Energy and Industry has said.
Dr Al Sada, who heads the Qatari delegation to the Third GCC Petroleum Media Forum in Abu Dhabi, was speaking on the 'role of the media and the future of energy marketsquot; at the ministerial session. The Minister stressed the importance of developing the GCC's capabilities and information resources to suit to the size and importance of the oil and gas industry in the Gulf region and to discuss all ways to enhance its position and expand its reach. He said the demand for energy sources are expected to increase by 25 percent by 2035. The total number of fossil fuel-powered cars are expected to reach two billion by 2035. Despite the launch of electric cars and a large number of non-conventional fuels-powered vehicles hitting the road, nearly 90 percent of the world's total number of cars will continue to operate with petrol and diesel.
Given the size and importance of the oil and gas industry to the global economies in general and the economies of the GCC countries in particular, steps should be taken to develop specialized media those are competent enough to cover the complex deals and the political implications that influence the energy industry.
Dr Al Sada expressed his pleasure to accept invitation to the State of Qatar to host the Fourth Energy Information Forum in Doha in 2019.
MENAFN2304201700630000ID1095414699
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.