London Daily

Focus on the big picture.
Saturday, May 31, 2025

Cost of living: Qatar willing to help UK but West must also take responsibility, energy minister says

Cost of living: Qatar willing to help UK but West must also take responsibility, energy minister says

In an exclusive interview with Sky News, Qatar's energy minister says western powers including the UK are paying a high price for their drive to achieve net-zero through renewable sources.

Qatar is willing to help the UK with its cost of living crisis, the country's energy minister has said - but he also criticised western countries who spent years "demonising oil and gas companies".

In an exclusive interview, Saad Sherida Al-Kaabi said that years of pushing for a rapid end to fossil fuel production and calling producers the "bad guys" had contributed to the current crisis.

He told Sky News that the root causes of the recent increase in gas and energy prices in Europe and beyond could be traced back many years before the Russian invasion of Ukraine.

"It's definitely a deeper issue," he said - pointing out that investment in gas production had fallen steadily in recent years, as Europe pushed to eliminate carbon emissions sooner in an effort to combat climate change.

"There was a build up of countries pushing for the [energy] transition in a hard way. [They pushed for] net-zero, moving to renewables, doing away with fossil fuels and demonising the oil and gas companies, [calling them] the bad guys. And [as a result] you don't have enough investment in the oil and gas sector."

Saad Sherida Al-Kaabi is Qatar's energy minister


The comments came as a Qatari delegation, led by the country's leader, the Emir, met with Boris Johnson to announce a "Strategic Investment Partnership" under which Qatar will invest up to £10bn across the UK.

However, with energy regulator Ofgem signalling that the price cap will rise to £2,800 this winter - the highest level on record - there is little instant remedy for the wholesale gas prices being faced by the UK.

The energy minister said: "The wind does not always blow, and the sun does not shine all the time… We are absolutely convinced that you can't achieve that transition [to renewables] without fossil fuels. And the best fossil fuel available to mankind is gas."

Qatar has the world's third-biggest proven natural gas reserves, and is now one of the biggest providers of the fuel to the UK, shipping it in vast liquefied natural gas tankers to Britain's three LNG terminals.

The minister said the UK was "in better shape than a lot of other countries" but that there was little Qatar could do to bring the price down in the short run.

"Unfortunately, it's a little bit painful because it will take time [and the price is] amplified by the Ukraine issue," he said.

"But we're absolutely ready [to help]. The UK is a very important country for us in Europe, and we will definitely do our best."

Newsletter

Related Articles

0:00
0:00
Close
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
White House Press Secretary Criticizes Harvard Funding, Advocates for Vocational Training
France to Implement Nationwide Smoking Ban in Outdoor Spaces Frequented by Children
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
U.S. Justice Department Reduces American Bar Association's Role in Judicial Nominations
U.S. Department of Energy Unveils 'Doudna' Supercomputer to Advance AI Research
U.S. SEC Dismisses Lawsuit Against Binance Amid Regulatory Shift
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
Italy Faces Population Decline Amid Youth Emigration
U.S. Goods Imports Plunge Nearly 20% Amid Tariff Disruptions
OpenAI Faces Competition from Cheaper AI Rivals
Foreign Tax Provision in U.S. Budget Bill Alarms Investors
Trump Accuses China of Violating Trade Agreement
Gerry Adams Wins Libel Case Against BBC
Russia Accuses Serbia of Supplying Arms to Ukraine
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
Chinese Woman Dies After Being Forced to Visit Bank Despite Critical Illness
President Trump Grants Full Pardons to Reality TV Stars Todd and Julie Chrisley
Texas Enacts App Store Accountability Act Mandating Age Verification
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Vatican Calls for Sustainable Tourism in 2025 Message
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Trump Threatens 25% Tariff on iPhones Amid Dispute with Apple CEO
Putin's Helicopter Reportedly Targeted by Ukrainian Drones
Liverpool Car Ramming Incident Leaves Multiple Injured
Australia Faces Immigration Debate Following Labor Party Victory
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
Macron Dismisses Viral Video of Wife's Gesture as Playful Banter
Cleveland Clinic Study Questions Effectiveness of Recent Flu Vaccine
Netanyahu Accuses Starmer of Siding with Hamas
Junior Doctors Threaten Strike Over 4% Pay Offer
Labour MPs Urge Chancellor to Tax Wealthy Over Cutting Welfare
Publication of UK Child Poverty Strategy Delayed Until Autumn
France Detains UK Fishing Vessel Amid Post-Brexit Tensions
Calls Grow to Resume Syrian Asylum Claims in UK
Nigel Farage Pledges to Reinstate Winter Fuel Payments
Boris and Carrie Johnson Welcome Daughter Poppy
×