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Oil and gas trade must be depoliticized, Saad al-Kaabi, energy minister and head of Qatar’s state energy company, said this, calling on politicians to abandon sanctions and agreements against the free market, Reuters reported.
Kaabi’s comments came ahead of a meeting of the Gas Exporting Countries Forum (GECF) in Egypt and echoed the views of many industry players who fear that a G7 price cap on Russian oil could paralyze global trade.
The state of Qatar and QatarEnergy call on all governments and multilateral institutions to develop policies that depoliticize the exchange of fuel commodities, Kaabi said in a statement.
QatarEnergy is one of the world’s largest exporters of liquefied natural gas (LNG).
Last month, the G7 countries agreed to impose a price ceiling on Russian oil by Dec. 5. The European Commission also proposed its latest set of emergency measures to combat high energy prices, but refrained from immediately capping gas prices because EU countries remain divided over the idea.
Kaabi also said that governments should condemn sabotage and military attacks on energy infrastructure or electricity networks.
