Attending in Al-Attiyah Foundation’s 3rd CEO Roundtable in 2022

The third Al-Attiyah Foundation CEO Roundtable was held on September 12, 2022, to discuss gas supply in the short to medium term – security, recovery, and volatility. International experts from The Institute of Energy Economics of Japan, Center on Global Energy Policy at Columbia University, S&P Global Platts, and Wood Mackenzie joined CEOs and top decision-makers from major Qatari and international investors and operators in the energy sector.

While recent spikes in gas prices can be attributed to economies rebounding from COVID-19 and the ongoing conflict in Ukraine, some aspects of the current situation could have been predicted with an analysis of trends from the previous decade. The low prices for both oil and gas from 2010 to 2020 limited investments in capacity expansion. The COVID-19 pandemic caused a significant drop in demand for all fossil fuels, further limiting investments well below forecasted demand. The rebounding economies and ongoing conflict in Ukraine have caused unprecedented strain on a tight gas market, as Russia was the main supplier to many European countries.

Al-Attiyah Foundation’s CEO Roundtable members are from leading energy companies such as Total Energy, Shell, JTA International Investment Holding, ExxonMobil, Sasol, ConocoPhillips, and Marubeni Qatar Airways, Qatar Cool, Qchem, QNB, Qatar Electricity and Water Co, Qatar Energy, Woqod, Gulf Helicopters, Qafco, Dolphin Energy and Qapco.