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Respect Qatar's Sovereignty, Says German FM

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Respect Qatar's Sovereignty, Says German FM QATAR | Page 20 SPORT | Page 1 Federer, Djokovic get free INDEX DOW JONES QE NYMEX QATAR 2-5, 20 COMMENT 18, 19 REGION 6 BUSINESS 1–8, 14–16 passes at Eff orts on to ensure 21,430.00 8,895.64 47.08 ARAB WORLD 6 CLASSIFIED 9–13 -6.00 +40.88 +0.01 INTERNATIONAL 7–17 SPORTS 1–8 supply of foodstuff Wimbledon -0.03% +0.46% +0.02% Latest Figures published in QATAR since 1978 WEDNESDAY Vol. XXXVIII No. 10505 July 5, 2017 Shawwal 11, 1438 AH GULF TIMES www. gulf-times.com 2 Riyals Emir meets German FM Qatar to boost In brief LNG output by QATAR | Diplomacy 30% to 100Mta NHRC chief meets O Renewed gas Although QP is inviting internation- Dutch rights offi cials al players to be joint ventures, if it does The Chairman of the National development at North not materialise (due to the current eco- Human Rights Committee (NHRC), Field could give Doha a nomic blockade), then it would go solo, Dr Ali bin Smaikh al-Marri, met in competitive edge after he said in response to a query whether Amsterdam yesterday with the 2020 the “further sanctions” (as aired by Director of Multilateral Organisations one of the siege countries if Doha did and Human Rights at the Dutch not meet their 13-point demand) could Foreign Ministry, Peter van der Vliet, By Santhosh V Perumal dampen the project. his deputy, as well as human rights His Highness the Emir Sheikh Tamim bin Hamad al-Thani met the German Foreign Minister Sigmar Gabriel and the Business Reporter London Stock Exchange-listed Qa- off icials at the ministry. Dr al-Marri accompanying delegation at Al Bahar Palace yesterday. Talks dealt with the latest developments related to the Gulf crisis, its tar Investment Fund (QIF) had viewed said in a press statement after the repercussions on the region, and the proposed solutions to resolve it. Emphasis was on supporting the mediation led by Kuwait’s that Qatar’s renewed gas development meeting that he reviewed with the Emir Sheikh Sabah al-Ahmad al-Jaber al-Sabah. The discussions dealt with the eff orts of Qatar and Germany in the fight against atar, which accounts for one- at North Field could give it a competi- off icials the reports of violations terrorism. The meeting also reviewed the strategic relations between Qatar and Germany. third of the global liquefi ed tive edge after 2020, when the global committed by the siege countries Qnatural gas (LNG) market, is LNG market is expected to tighten. on the citizens of Qatar and many of enhancing its LNG production by 30% This new project would further en- the citizens of those countries who to 100mn tonnes per annum (Mta), a hance Qatar’s leading position in the have presented their complaints to move that could substantially boost global gas industry, while at the same the NHRC. He said that the NHRC is the fastest growing economy and sup- time meeting its worldwide customers’ to mobilise international eff orts to port the exchequer. growing needs for the reliable and en- come out with the consensus of the The production boost comes vironmentally friendly fuel, according international community to condemn through doubling of LNG output from to al-Kaabi. the humanitarian violations caused Respect Qatar’s the new export-oriented gas project in “The planned production increase by the siege imposed on Qatar the North Field, which is expected to will also contribute to monetising Qa- through intensive meetings with the be completed in 5-7 years, Qatar Pe- tar’s resources and to stimulating the relevant international organisations troleum president and chief executive domestic economy as well as the coun- and off icial institutions of Europe, Saad Sherida al-Kaabi told reporters try’s overall development in line with Canada and the US. The meeting yesterday. the Qatar National Vision 2030,” he discussed the importance of the The new project would increase the said. exclusion of human rights issues sovereignty, says North Field’s production of natural gas, Asked what would be Qatar’s share from politics, especially in the society condensate and other associated prod- in the world LNG market once Doha of the Gulf region which witnesses ucts by 1mn barrels of oil equivalent achieves 100Mta target, al-Kaabi family and social interactions. per day to cumulative 6mn barrels of said it would be diffi cult to predict at oil equivalent per day. present since it would depend on vari- ARAB WORLD | Crisis In April this year, al-Kaabi had an- ous factors such as production from Arab intelligence nounced the lifting of moratorium on elsewhere. “We will still be market German FM North Field, which is the world’s larg- leader,” he added. chiefs meet in Cairo est non-associated natural gas fi eld, Analysts have said by the time Qatar The heads of intelligence from O Gabriel says Doha showed and disclosed the proposed gas project attains it, the output from the Australia Egypt, Saudi Arabia, the United Arab restraint in responding to in the southern sector of the North and the US would also fl ood the market. Emirates and Bahrain held a meeting blockade, urges neighbours Field but had not decided if exports will Global credit rating agency Standard in Cairo yesterday, Egyptian state be in the form of LNG, GTL (gas-to- and Poor’s had said Qatar has one of the news agency Mena said. The agency, to respond in similar spirit liquids) or pipeline gas. lowest costs of natural gas production citing “informed sources”, did not “After further assessment, we have at $1.6 to $2 per million British Ther- provide details of the meeting, which Agencies decided that the best way to develop mal Units, and hence state-owned QP took place one day before foreign Doha this huge project is by dedicating it – responsible for all phases of the oil ministers from the four countries to the production and export of LNG, and gas industry in Qatar – is expected were due to meet to decide whether thereby increasing the production ca- to remain “profi table”. to continue sanctions they imposed erman Foreign Minister Sigmar pacity of Qatar from 77Mta to 100Mta, Highlighting that Qatar’s low-cost on Qatar over baseless accusations Gabriel has said that Qatar’s which means a 30% production in- base gives it a competitive advantage it was aiding terrorism and courting Gsovereignty must be respected, crease,” he said. over other established LNG suppliers, regional rival Iran. Doha denies praising the country’s “restraint” in With the conclusion of further tech- QIF said this development could ben- the charges and has submitted responding to a blockade imposed by nical studies, it has been decided that efi t Qatar in maintaining a competitive to mediator Kuwait replies to 13 Arab states amid the worst regional the best option would be to double the edge after 2020, when the global LNG demands that the gathering will diplomatic crisis in years. size of the project to 4bn cu ft of gas per market is expected to tighten as current consider. He made the comments yesterday in day, which constitutes a 20% increase low LNG prices are anticipated to de- Doha during a joint news conference HE Sheikh Mohamed bin Abdulrahman al-Thani shakes hands with German Foreign from the current North Field produc- ter investment in high cost competing QATAR | Aviation with his Qatari counterpart, HE Sheikh Minister Sigmar Gabriel after talks in Doha yesterday. tion rate, or about 1mn barrels of oil projects, leading to tighter supply and Mohamed bin Abdulrahman al-Thani, equivalent per day,” al-Kaabi said. better prices. Business Page 1 Qatar Airways launches who insisted that Qatar is looking to Gabriel visited Saudi Arabia on sponse to Kuwait, which acts as a me- direct service to Nice solve the dispute through dialogue, Monday, before holding meetings in diator, and the Saudi-led group of Qatar Airways has launched direct but without compromising on its inde- the United Arab Emirates and Qatar countries is now expected to meet in service between Doha and Nice, pendence. yesterday. the Egyptian capital of Cairo today to the airline’s second destination “There are boundaries that you Saudi Arabia, the UAE, Bahrain and discuss their next move. in France. Qatar Airways flight should not cross, that the sovereignty Egypt cut diplomatic and trade ties with Gabriel told reporters in Doha that QR 53 operated by a Boeing of each country and the respect of this Qatar on June 5, accusing it of support- whilst Germany was not going to take B787 Dreamliner arrived at Nice national sovereignty has to be there,” ing “terrorism” - an allegation Doha any sides in this dispute, it was com- Cote d’Azur International Airport Gabriel told reporters during the last denies. The four countries have also im- mending Qatar’s attitude towards the yesterday. Qatar Airways Group stop of a tour of the Gulf region, in posed a land, air and sea embargo. crisis, citing Doha’s repeated calls for Chief Executive Akbar al-Baker said: the latest diplomatic eff ort to end the After more than two weeks, the dialogue in order to bring about a reso- “We are truly delighted to launch standoff . four countries gave Doha 10 days, or lution. direct service between Doha and “It has to be a basic condition and until Sunday night, to comply with a “Qatar has shown restraint in react- Nice. The new route is a sign of when that is there, even the most dif- 13-point demand list in exchange for ing to the blockade,” Gabriel said.
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