GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share
Recent A.T. Kearney report released during the World Government Summit identifies three key steps required for the Middle East to prepare for the future of energy
 
Dubai, United Arab Emirates 13 February 2018 —   Growing global diversification of the energy mix and an increased share of natural gas, renewables and electrification, is challenging conventional approaches and business models in the energy value chain. Oil rich nations have a window of opportunity to transform and be well positioned to benefit from this shifting global energy landscape, according to recent report “The Great Energy Shift”, produced by global strategic management consultants, A.T. Kearney. 
 
Eduard Gracia, principal at A.T. Kearney said: “Market trends along the energy value chain are dramatically changing the landscape. We expect an energy market characterized by increased demand in addition to increased electrification, supply fragmentation and consumer power. This will over time lead to stabilization of energy prices and a convergence of energy markets”. 
 
According the report, three recommendations which will support oil-rich nations and national oil companies in the region to effectively address the global disruptive changes of the energy sector – embrace renewables; leverage gas reserves and expand down the value chain. 
 
Sean Wheeler, partner, A.T. Kearney said, “Our industry is rapidly changing. Global energy transition will lead to a broader mix of energy sources and a more fragmented supply, also in this region.” 
 
Many of the regional oil players have already initiated projects to prepare for the great energy shift ranging from investments, into solar energy and gas, to increasing downstream oil and gas investments. 
 
Commenting on this strategy, Rudolph Lohmeyer, vice president A.T. Kearney Global Business Policy Council said, “The Middle East enjoys an important advantage due to both its comparatively cheap hydrocarbon reserves and its geographic location. At these times of change, it is key that nations and national oil companies manage uncertainty by applying the disciplines of strategic foresight to their decision-making. This is particularly critical for a sector in which the returns on capital investment unfold over decades.”
 
The report concludes that oil rich nations must focus their investments on opportunities that leverage their competitive advantages, an educated workforce and the ideal geographic location. 



Posted by : GoDubai Editorial Team
Viewed 4197 times
Posted on : Tuesday, February 13, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : WGS 2018: DEWA Is Shaping the Future of Utilities with an Innovative and Holistic Approach
Next Story : Al Naboodah Group Enterprises expands into solar energy
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
MAC - Hyper Real Glow
Celebrate Life and Love with Mouawad Jewelry
Mother's Day Gift Guide 2018 For All The Super Mums In Your Life
M∙A∙C Mineralize Total Detox
Introducing Vitabrid C12, a brand-new, proprietary form of active Vitamin C bein...
Skin Republic Launches Monthly Treatment Packs
A Gift for Everyone on SOUQ.com's Valentine's Day Gift Shop
Jazeera Airways announces FY2017 financial results
Skyline University College Organized One-Day Refresher Course in Management for ...
5 things to know about collagen
Fresh Hair in an Instant with SHOW Beauty
Regulator Classic celebrates the special moment
LACOSTE Presents 12.12 Chronograph 85th Anniversary Edition
Decorate the home with United Furniture for the month of love
PUMA and Sahntell Martin Unveil Debut Collection
Women's Week Promises World Class Tennis – Tickets Only 55dhs
Amadeo® Fleurier 39 “Fan”
Show/Pop-up Event “Pret-A-Cover™ Buyers Lane” to Be Launched in Dubai From March...
Italian Food Lab at Gulfood Celebrates Italy's Culinary Heritage and Highlights ...
True Colours
Mother's Day Gift Guide 2018 from The Little Birdy Group
Robinsons Honored for Outstanding Store Design
Moreish Café in Dubai introduces a healthy Quinoa Burrito
World-renowned Air Sculpture Artist Daniel Wurtzel collaborates with LG PuriCare...
MB&F M.A.D. Gallery presents aeronautical artwork "Nose Art” by French phot...
Dubai Culture Announces an Exciting Line-up of Artists for SIKKA Art Fair 2018
UAE Team Emirates' Mirza Takes Gold at Asian Cycling Championships
Phenomenal development in falconry racing from small beginnings: HHC Deputy CEO
WGS 2018: Opening Session Highlights Importance of Embracing Smart Living to Enh...
Arab Duo Showcase Team's Potential in Final Stage of Dubai Tour
Ounass Pop-Up Shop
Splash receives 2 awards
German National Tourist Office Dubai appoints Sigrid de Mazieres as new Director...
UAE Team Emirates Scoop Another Top 10 Finish as Students Fly Flag for UAE Cycling
Infertility on the rise among UAE in the age group of 20-30'
UAE Exchange Partners with Ripple for Instant Cross-Border Payments
RAK Hospital launches the biggest weight-loss challenge in association with MoHA...
Omega Opens Its Olympic Exhibition in Seoul
Ministry of Climate Change and Environment Issues New Decree on Registration and...
Food Lovers Rejoice: Dubai Food Festival Is Back This Month
Bridal Glow is Skin Deep: Tips for every bride-to-be in 2018
Special Chinese New Year Show on Festival Bay
CAPA – Centre for Aviation renews REED partnership to deliver leadership summits...
The Emirates Group Signs MoU with the Government of Andhra Pradesh
2XL launches Malmo Bed with floral designs for a vintage shabby chic inspired ma...
Students Fly the Flag for UAE Cycling at Dubai Tour
Mealtop, Introducing a Whole New Dessert Experience
Al Ahli Holding Group to redefine the UAE value shopping category through an AED...
Airbus' open aviation data platform Skywise continues to gain market traction
British Orchard Kids Kingdom Nursery wins Sharjah Economic Excellence Network Award