Minister of Petroleum and Mineral Resources Ali Al-Naimi addressed in Washington DC today a ministerial summit focusing on Liquid Natural Gas (LNG) and entitled ‘International Energy Industry: Challenges and Prospects’. Participating in the two-day conference hosted by U.S. Secretary of Energy Spencer Abraham are the energy ministers of 22 other nations.
[Link to full text of Minister Al-Naimi's speech]
According to the U.S. Department of Energy, the goal of the LNG Summit is to determine a perspective of expected LNG market growth over the next two decades, identify significant U.S. market and investment opportunities, and address concerns and issues that producing nations need to discuss to ensure a successful and fast growing U.S. LNG market. It also provides a forum for talks between the private sector and the governments represented (Oman, Qatar, United Arab Emirates, Egypt, Russia, Venezuela, Brazil, Argentina, Algeria, Angola, Brunei, Trinidad, Peru, Mexico, Nigeria, Canada, Norway, Italy, Indonesia, the Bahamas, Equatorial Guinea, and Australia as well as the United States and Saudi Arabia).