We see the challenge of marketing this quantity at a time when the world economy is slowing down.
Singapore, (PRWEB) September 1, 2009
CMT's 4th LPGtrade Summit convenes in Doha on November 9-11 this year under the patronage of His Excellency Abdullah Bin Hamad Al-Attiya, Deputy Premier & Minister of Energy & Industry of Qatar. His Excellency will make the welcoming speech on November 10. The conference, hosted & supported by Qatar International Petroleum Marketing Company Ltd. (Tasweeq), is emerging as the world's most influential LPG (liquefied petroleum gas) industry meet and is taking place at the ravishing Grand Hyatt Doha Hotel.
Tasweeq's CEO Ali Al-Hammadi shared his perspectives on Qatar's role in the global LPG marketplace, and the conference in an exclusive interview. According to Mr. Al-Hammadi, Qatar will have a greater stake in global LPG trade flows in line with Qatar's expanding LPG production capacity.
The 4th LPGtrade Summit presents 3 full days' agenda with senior executives' roundtable discussions on market dynamics and networking opportunities, promising an exciting event in global LPG this year. The Summit discussions will tackle the challenging global economic climate and its impacts on LPG in production and imports; the outlook on LPG export capacity arising from Middle East and Africa; the perspective on demand from traditional and emerging import markets; the trade flow, freight rates and market situation of LPG shipping; and the contemporary challenges of LPG marketing, trading and logistics
Tasweeq's CEO, Ali Al-Hammadi, shared his perspectives on the conference and Qatar's role in the global LPG marketplace in an exclusive interview. According to Mr. Al-Hammadi, Qatar will have a greater stake in global LPG trade flows in line with Qatar's expanding LPG production capacity.
Touching on LPG production in Qatar Mr. Al-Hammadi said, "The production of LPG from the state of Qatar has been for many years, around 2 million tonnes. But this has been ramping up. We are currently producing around 6 million tonnes, and we are a major player in the LPG market."
He added, "With the massive increase in our LNG and other hydrocarbon industry, we are expected to reach 12 million tonnes (of LPG production) in a couple of years. This will double our LPG production."
However, Mr. Al-Hammadi was quick to point out that increased production is not necessarily a positive development in today's economic condition. He said, "We see the challenge of marketing this quantity at a time when the world economy is slowing down." He highlighted this as one of the key challenges that Tasweeq will face in the years ahead while discussing their marketing strategy "to sell in Asia, which is the primary market for us, but to also if necessary, deviate and sell to Western Europe and the USA."
OPEC's Secretary General, HE Abdullah El-Badri, and representatives from major producers and importing countries will discuss the outlook on the market dynamics, and key issues facing the global LPG business in the coming years at the 4th LPGtrade Summit. The world's leading oil companies including ExxonMobil, Shell and ConocoPhillips are also slated to present their outlook for the LPG business as it relates to other major energy uses such as LNG (Liquefied Natural Gas) and petrochemicals at the conference.
Prior to the main conference, the 4th LPGtrade Summit will have Tasweeq hosting a special golf tournament 'The LPG Challenge' on November 8 which is sponsored by RasGas and QatarGas, and a visit to Ras Laffan Industrial City (RLIC) on November 9. With the largest natural gas processing and exporting facilities in the world, gas production at Ras Laffan will reach 23 billion cubic feet a day by 2012, representing the single largest concentrations of capital investment in the world.
Another key highlight of 4th LPGtrade Summit is the LPG trade Gala Dinner on 10 November, hosted by Tasweeq and Qatar Petroleum. This gala event will be held at the world-renowned Museum of Islamic Art, which showcases the complexity, diversity and vitality of art in the Islamic World.
Speaking on Tasweeq's support for the global LPG trade conference, Mr. Al-Hammadi remarked, "Tasweeq is a major player in the LPG market, and we want to be seen as contributing to the industry, and also contributing towards Qatar's reputation as a reputable supplier of LPG. That's why we decided to host this prestigious conference in Qatar." Access this exclusive recording of the interview with Tasweeq CEO Mr. Ali Al-Hammadi here.
Details on this global LPG trade conference agenda, gala dinner, golf tournament and visit to Ras Laffan Industrial City are available online. Those seeking more information on participation and sponsorship & media exchange opportunities at 4th LPGtrade Summit can contact Ms. Nadia Al Bahar, Marketing Manager at +65 6346 9114
About Centre For Management Technology
A global organizer HQ in Singapore, CMT is dedicated to the provision of latest business and technology information through high profile conferences for varied industries. CMT forums encircle the globe from Asia Pacific to Middle East to New Europe/Russia and the Americas. In 26 years of operation, CMT has hosted leading conferences on Petroleum, Refining, LPG, future fuels like Biodiesel, Biofuels and Coal to Liquids, Gas to Liquids, Bio mass to Liquid Technology and many more. Visit http://www.cmtevents.com for further information about us.