Natural Gas: OPEC calls for oriented strategy, timely investments for energy markets
Written by on June 14, 2022
The Organisation of the Petroleum Exporting Countries (OPEC) has called for oriented strategy and timely investments in Natural Gas systems, given the current heightened uncertainties and volatility being faced in energy markets.
Dr Mohammad Barkindo, Secretary-General, OPEC, made the call on Tuesday in a keynote address at Mediterranean Gas (MedGas) event Dinner, at Athens, Greece.
Barkindo, in his address, lauded the Mediterranean Gas on its forward oriented strategy and timely investments in Liquefied Natural Gas (LNG) and Natural Gas systems.
He described such investments as a significant contribution to the major diversification and energy security strive in Greece and in the region AND as a pioneering advanced technology application across the industry and a stimulating factor in the economy.
The OPEC secretary-general thanked the Mediterranean Gas leadership in proceeding with foresight and undertaking such a timely and prestigious project.
He said that recent experience had shown that focusing on only one of components in the energy transition, while ignoring the others, could lead to unintended consequences such as market distortions and price volatility.