Middle East
Current energy crisis caused by unrealistic transition plan: Saudi Aramco CEO
yamazakiyi46 mins ago
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Saudi Gazette report
SHARM EL SHEIKH — Saudi Aramco president and CEO Amin Nasser said an “unrealistic” transformation plan for the energy sector is causing the current supply crisis.
Addressing the opening session of the Saudi Green Initiative 2022 Forum on the sidelines of the COP27 climate summit in Sharm el-Sheikh on Friday, he said investment in this important sector will meet long-term global demand. expressed concern that it would not be enough to meet .for energy.
Nasser stressed the need to reach the optimal mix of conventional and renewable energy while pointing out the need to develop rational policies to meet ambitions. “We thought the world would see a decline in demand after the coronavirus pandemic, but we have seen a significant increase in demand since then,” he said.
TotalEnergies president and CEO Patrick Pouyanne said in his speech that the company wants to grow in the gas sector and is investing heavily as it is a transition fuel. “The world needs affordable energy because the overall impact of the energy crisis is huge and could destabilize the global economy.” A key factor is an affordability,” he said. pointed out.
https://saudigazette.com.sa/article/626854/SAUDI-ARABIA/Current-energy-crisis-caused-by-unrealistic-transition-plan-Saudi-Aramco-chief?ref=rss&format=simple&link=link Current energy crisis caused by unrealistic transition plan: Saudi Aramco CEO
