Business · Markets · 7 hrs ago
Energy supply security returns to the top of global priorities
World Petroleum Council President Pedro Miras says secure energy supplies have become a top priority again as geopolitical disruptions affect the sector.
He spoke in Riyadh during the 17th ministerial meeting of the International Energy Forum.
The meeting is part of Riyadh Energy Week, which runs from October 11 to 15 and includes the 25th World Energy Congress.
Ministers and energy officials are discussing how to stabilise markets, improve dialogue between producing and consuming countries, support investment and make energy data more transparent.
Miras said disruptions have affected different parts of the world, but the global energy system is now more resilient than it was a few years ago, despite rising prices.
The talks are intended to address supply risks and the future of the energy system.
Pedro Miras, president of the World Petroleum Council, said energy supply security has returned to the top of global energy priorities amid rising geopolitical disruptions.
He said the global energy system is more resilient to supply shocks than it was a few years ago, although disruptions have affected prices.
Miras spoke to Asharq Al-Awsat on the sidelines of the 17th International Energy Forum ministerial meeting in Riyadh.
The meeting is focused on market stability, dialogue between producing and consuming countries, investment and transparency in energy data.
Riyadh Energy Week runs from October 11 to 15 and includes the 25th World Energy Congress.
- Who
- Pedro Miras, president of the World Petroleum Council.
- What
- He said energy supply security has returned to the top of global energy priorities, while the energy system is more resilient to supply shocks than a few years ago.
- When
- October 11, during the 17th International Energy Forum ministerial meeting.
- Where
- Riyadh, Saudi Arabia.
- Why
- Geopolitical disruptions and risks to supply chains have renewed concern about energy supply security.
This story does not have two clearly opposing sides.
Energy supply security has returned to the top of the priorities of the global energy sector.
The global system has become more resilient today compared with a few years ago, despite rising prices.
We must continue developing the sector while maintaining balance among the three pillars, which are equally important.
Global developments and disruptions brought energy supply security back to the top of priorities, Miras said.
Riyadh hosted the 17th International Energy Forum ministerial meeting, where Miras spoke to Asharq Al-Awsat.
Riyadh Energy Week is scheduled to take place, including the 25th World Energy Congress.
- Speaker
- Pedro Miras
- Role
- President of the World Petroleum Council
- Meeting
- 17th International Energy Forum ministerial meeting
- Location
- Riyadh, Saudi Arabia
- Riyadh Energy Week
- October 11–15
- Congress
- 25th World Energy Congress
Sources
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