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 9772 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
Brow Contour Pro 4-in-1 defining & highlighting brow pencil
Jessica Kahawaty in Dubai to Celebrate the Launch of SUKIN, Australia's No.1 Nat...
BodyO launches officially its AiPod for a full body check-up during the Gitex Fu...
The World of Aigner Wunderkammer
Get flawless skin with Rodial's new Booster Drops
Johnson's launches Fresh Hydration Range – Cleansed, hydrated skin in just #OneSwipe
Manero Peripheral (43 Mm) Classic Watchmaking Meets State of,the Art Technology
Curate your perfect Autumn Winter wardrobe, with Robinsons
Fifi & Friends - Now available at more outlets across the UAE
Corum Heritage Eleganza- Dedicated to the stylish woman
Halloween “Catwoman” mask using BROW products
BOLLYWOOD PARKS™ Dubai introduces 11 new shows with a new line up of performance...
Dubai Shopping Festival Returns With Much-awaited Mega Raffles
With more collections and a more spacious car parking, Kalyan Silks moves to El...
Win up to 250,000 Gold coins at Malabar Gold & Diamonds this festive season
Joyalukkas Celebrates the Festival of Light with Irresistible Offers
OMEGA gets set to time the Youth Olympic Games Buenos Aires 2018
Malabar Gold & Diamonds to triple number of outlets to 750 and raise Group turno...
Dubai's newest social hub - Bar Baar introduces ‘Thela Baar Brunch'
Sharjah Government pavilion highlights digital transformation of Sharjah at GITE...
Hour Choice presents Coach Park Collection (Suede straps)
Introducing the Nokia 7.1 to the UAE
Saddle Up With kate spade Fall 2018
Michael Kors to Introduce a Special-edition Whitney Handbag for the Middle East
W Motors and Safe City Group introduce the BEAST PATROL at GITEX: One of the mo...
Be Thankful with Tub of Butter This Thanksgiving
CITIZEN Unveils 100th Anniversary Limited Edition Collection
Rado DiaMaster Ceramos Automatic
Scuderia Ferrari Aspire Watch Special Edition Gift Set
The Ford F-150 Raptor: Your Ultimate Partner for Off-Road Adventure
Sharjah Girl Guides Unleash their Power on International Day of the Girl Child
Toyota's legendary King goes urban with the 2019 Land Cruiser Grand Touring Edition
Nissan to Make Official On-track Formula E Debut
Western Digital powers AI-enabled storage for futuristic surveillance and security
Sunglasses Trends for Fall/Winter 2018
SIBF 2018 Invites Young Visitors to the Wondrous Land of Edutainment
Provacuno - Spain's largest Inter-professional Association introduces Spanish Be...
UAE Toastmasters community to host the world champion of public speaking
Healthcare leaders sign in Dubai a Call for Action to raise awareness about ‘sil...
Daikin eyes significant expansion of business in the UAE
Delizioso! The Week of the Italian Cuisine in the World Returns to the UAE
Dubai's Jehad Medical Clinic bags JCI for the third time
Synx, Pand.ai, and AIMLedge named winners of startAD's Artificial Intelligence V...
HUGO BOSS Watches Jump Collection
Dubai Business Women Council witnesses 36.5% growth in total membership since th...
Dubai Festival City Run 2018 to take place on November 9th
Epson Introduces the New A3 and A4 business inkjet aimed at busy workgroups duri...
Ministry of Human Resources and Emiratization (MOHRE) Honors Union Coop for its ...
Tissot Bella Ora Round Style incarnate
Avivo's Ribbon of Life Walk in support of Breast Cancer on 19th October