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‘Evolution of global energy mix to shape future energy investments’

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Abu Dhabi / WAM

Oil and gas companies must demonstrate agility in their approach to business and adapt to a rapidly evolving supply mix by staying ahead of the curve when it comes to industry technology and innovation, urge UAE
Speaking ahead of his participation in the upcoming Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC 2016) top be held in Abu Dhabi from November, 7-10 Ali Al-Janabi, Shell Abu Dhabi VP and Chairman, said that while fossil fuels will continue to lead the global energy mix, a changing energy landscape makes it imperative that the oil and gas community adopts effective transitional strategies both on and off the field.
“There is no doubt that fossil fuels will continue to be a dominant source of energy over the next two decades, however, we will definitely continue to see considerable changes in the
energy mix,” said Al-Janabi.
“As the oil and gas community looks for ways to reduce CO2 emissions, high carbon emitting sources, such as coal, may see a sharp decline, while other, cleaner sources of energy, such as natural gas, will play an increasingly important role.”
“This evolving energy landscape will shape where investments are being made going forward. As a knowledge-sharing platform that brings the world’s leading experts under one roof, ADIPEC will enable stakeholders within the petroleum industry to identify opportunities in line with this global shift towards more sustainable energy resources,” Al-Janabi added.
According to the 2015 World Energy Outlook, natural gas is expected to be the fastest-growing fossil fuel, with a 50 percent increase in consumption by 2040. The Middle East and China will be the main centres of gas demand growth, both becoming larger consumers than the European Union.
“At Total we are committed to better energy, and this means deploying sustainable strategies – from producing oil at low cost to exploring new applications ofnatural gas – as part of our ongoing efforts to meet the world’s growing energy needs while preserving the environment and minimising our carbon footprint,” said Hatem Nuseibeh, President of Total E&P UAE, Group Representative in the UAE, and co-chair of one of the key Panel Sessions at ADIPEC 2016.
“ADIPEC enables stakeholders to stay abreast of the latest industry developments and best practice by bringing all major international and national players in the oil and gas business under one roof to meet and share their ideas and vision for the future of energy.”
As part of the ADIPEC 2016 Conference Programme, eight panel sessions will address topics critical to the development of the oil and gas industry.
The programme will also feature three Global Business Leader sessions, inviting CEOs of the world’s oil and gas giants to offer a world outlook on the oil industry, shed light on the emerging role of gas and LNG in supplying world energy needs, and offer their expert insights on implementing effective leadership strategies.

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