GAS PRICES AF­FECTED TOO

Qatar Today - - BUSINESS -

The sharp drop in global oil prices has also caused the value of nat­u­ral gas to de­pre­ci­ate, ac­cord­ing to Mo­hammed Saleh Ab­dulla Al Sada, Qatar's Min­is­ter of En­ergy and In­dus­try. “En­ergy mar­kets are in­ter­con­nected, and we can see the ef­fects of the oil price drop af­fect­ing gas too,” Al Sada told re­porters in Doha. There was al­ready a “strong de­gree of con­ver­sion of gas spot prices be­tween dif­fer­ent re­gions,” he said on the side­lines of the 16th min­is­te­rial meet­ing of gas-ex­port­ing coun­tries. Al Sada was up­beat about the prospects for the gas mar­ket, how­ever, say­ing both sup­ply and de­mand were in­creas­ing. “We be­lieve that gas has a strong ad­van­tage not only as a source of en­ergy but a source of a cleaner en­ergy. And gas de­mand is likely to be fur­ther aug­mented,” he said.

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