HE the Minister of Energy and Industry, Dr Mohamed bin Saleh al-Sada has stressed the need for a multi-dimensional approach in developing future energy outlook, especially in view of a forecast that the global natural gas demand will rise to 5tn cubic metres in 2035 compared to 3.4 tcm today.
“To do so, some interconnected issues must be carefully examined,” he said. They include the impact of government policies, limiting carbon emissions, the present and future role of Opec, the expanding use of technology, continuing attempts for improving energy efficiency, growing role of renewable and energy security concerns.
Such complexities, al-Sada said, are incremental in nature, going beyond the traditional norms of supply and demand and have certainly added to the task of mapping the future.
“Hence the requirement for a innovative approach that can address all these fundamentals and non fundamentals considering their due weightage, commensurate with their importance, to come out with future outlook,” al-Sada said at the ExxonMobil 2013 Energy Outlook Forum at yesterday.
No comments:
Post a Comment