Alternative energy sources will not be able to replace oil and gas overnight as part of the world’s energy transition efforts, with additional hydrocarbon investment required to meet growing demand, Saudi Aramco’s chief executive has said. Investment in oil and gas has fallen sharply, with upstream investment at about $400 billion in 2022, less than […]
Outcomes of SPIEF 2021 – Areas of direct relevance for Central Asia – Part Two
nCa Report In addition to the plenary session, there were several panel discussions at the St. Petersburg International Economic Forum (SPIEF). The theme of one of them was: Energy Sector Transformations Here is the summary of the session, prepared by the forum organizers: KEY CONCLUSIONS There is a demand among the global population for alternative […]