“Qatar stated that AI demand and insufficient investment could lead to LNG shortagesQatar’s Energy Minister is concerned that insufficient investment and growing energy consumption by artificial intelligence will
cause a shortage of LNG and natural gas after 2035. Global demand for liquefied natural gas will increase to 700 million tons per
year within ten years, while current production is 400 million tons.
”, — write: unn.ua
DetailsQatar’s Ministry of Energy stated that global demand for liquefied natural gas will increase from 600 million tons to 700 million tons per year within ten years — compared to the last annual production level of 400 million tons — and this will largely be driven by the growth of energy-intensive artificial intelligence.
Investments are insufficient, and if the situation does not change within the next five to six years, we will face problems in 2035
“In every country we talk to, 10% to 20% of demand comes from artificial intelligence,” Al-Kaabi said.
Given the large capacity in the oil market, he believes that the biggest problem for oil prices is a global economic slowdown.
Al-Kaabi noted that the ideal oil price for financing the necessary infrastructure investments is $70-80 per barrel. Qatar withdrew from the Organization of the Petroleum Exporting Countries in 2019.
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