<p><span lang="EN-US" style="color:rgb(51, 51, 51); font-family:roboto; font-size:10pt; margin:0px">Under the patronage of the President of the Council of Ministers H.E. Saad Hariri, Front Page <span style="margin:0px">Communication</span> organized an important Oil and Gas forum entitled &ldquo;Roadmap<span style="margin:0px">.&rdquo;</span> <span style="margin:0px">H.E. Abdullah Bin Hamad Al-Attiyah, the President of The Abdullah Bin Hamad Al-Attiyah International Foundation for Energy &amp; Sustainable Development, was invited to give the honorary speech on &ldquo;Overview on Global Gas Markets&rdquo;, In his Speech, His Excellency emphasized the fact that the world holds abundant resources of natural gas, which are currently estimated at more than five hundred trillion cubic meters.</span> Lebanon is believed to hold one trillion cubic meters. At current global consumption levels, the proven reserves are sufficient to meet the <span style="margin:0px">demand</span> for the next 60 years. <span style="margin:0px">This</span> could stretch to 150 years based on total estimated gas resources. <span style="margin:0px">His Excellency Abdullah Bin Hamad Al-Attiyah highlighted also a number of threats and challenges related to the development of the global gas market, including, the evolution of the unconventional gas that is expected to represent 30% of the global gas production by 2040, and the trend of global gas demand growth estimated to be in range between 1.5 to 2%, as well as the massive expansion of the LNG export capacity which at this time exceeds a much weaker than expected demand.</span> At the end of his speech, H.E. Abdullah Bin Hamad Al-Attiyah concluded that the global gas market challenges are converging towards a new competitive landscape, which will require all <span style="margin:0px">market players</span> <span style="margin:0px">to smartly adapt and innovate</span>. The Lebanon&rsquo;s National Wealth Forum <span style="margin:0px">was held</span> at the ESA campus on <span style="margin:0px">Thursday, 7</span> <span style="margin:0px">March with</span> <span style="margin:0px">a wide</span> panel of international key speakers, Lebanese politicians, energy and economic sector key players, specialized press, and representatives of the country&rsquo;s civil society and students.</span></p>
