ENERGY CLUB 1: Investing in the future of Middle East energy – Highlights
Increased spending is needed to avoid future oil shortages, say industry leaders in Abu Dhabi
Watch highlights from the MEED Mashreq Energy Club held in September
There is a growing consensus among international oil companies and global energy analysts that peak demand for oil will come sooner than previously predicted.
Driven by factors including the increased use of renewable energy, and greater energy efficiency enabled by new technology and electrification, the impending arrival of peak demand for oil is widely agreed, though when it will arrive remains a source of intense debate.
The inaugural Mashreq Energy Club, organised with MEED, brought together senior oil industry stakeholders from across the GCC to examine the challenges facing the energy sector. The objective was to examine the regional oil industry’s response to the changes taking place in global energy and to generate insights that will inform strategies to help the region prepare for life after peak oil.
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