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21 Sep 2021

OPEC Secretary General participates in the opening session of Gastech 2021 in Dubai

Dubai, United Arab Emirates, 21 September 2021--OPEC Secretary General, HE Mohammad Sanusi Barkindo, took part in the opening ceremony of Gastech 2021 held in Dubai, United Arab Emirates.

The leading gas event is taking place from 21 to 23 September 2021 under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

The session, titled Gastech 2021 – Leading the net-zero agenda, featured the Secretary General along with HE Suhail Mohamed Al Mazrouei, UAE’s Minister of Energy and Infrastructure and Head of its Delegation to OPEC; HE Arifin Tasrif, Indonesia’s Minister of Energy and Mineral Resources; HE Eng. Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President and CEO of Qatar Petroleum; and HE Dr Alparslan Bayraktar, Turkey’s Deputy Minister of Energy and Natural Resources. It was moderated by John Defterious, CNN’s former Emerging Markets Editor.

HE Dr Sultan bin Ahmad Sultan Al Jaber, UAE’s Minister of Industry and Advanced Technology and CEO of ADNOC Group, set the scene for the three-day conference by delivering a welcome address ahead of the panel discussion.

The panel addressed a number of key issues relevant to the energy industry, including the energy outlook, market fundamentals, the role of the private sector in energy, investment, prospects for the global economy post COVID-19, as well as topics connected to COP26 scheduled for 31 October to 12 November in Glasgow, UK.

During the discussion, the Secretary General underlined the importance and timeliness of Gastech, noting that today’s the platform provides an opportunity to address key issues and concerns related to the industry in person, following a difficult period caused by the COVID-19 pandemic.

On the energy transition, Barkindo stressed the vital role of oil in meeting the growing demand for energy, adding that predictable investment is required to address the increasing global needs. He also highlighted the need to address energy poverty and meet global commitments to expand energy access.

Referencing OPEC’s upcoming release of the World Oil Outlook 2021, the Secretary General noted that oil and natural gas together will continue to supply more than half the world’s energy needs in 2045, with oil at around 28% followed by gas at 24%.

The Secretary General’s mission to the UAE includes a visit to the Emirate of Fujairah.