Saudi–US relations are approaching a new inflection point
In the coming weeks, Crown Prince Mohammed bin Salman will meet President Trump in Washington — a meeting that could reshape decades of geopolitical alignment.
Fuelling economic transition
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Dr.Cyril WiddershovenGeopolitical disruptive thinker
Fuelling economic transition
Fuelling economic transition
The Middle East & North Africa region is a dominant player in the world energy market today. It holds approximately over 50% of the world’s proven fossil fuel reserves.
Next to the continuing investments in downstream assets, partnerships and technology, the national oil and gas companies also aspire to expand their involvement in international O&G projects.
Strong partnerships, new technology and access to debt markets are being developed to maximize success rates.
The region is significantly challenged by the large dependence on finite fossil fuel resources in its primary energy supply. Over the past 20 years, the total primary energy demand
in the Middle has almost tripled due to rapid population growth and economic development. Most of the growing energy demand was concentrated in 5 countries, Iran, Saudi Arabia, Iraq, Kuwait, and the UAE.
Notably, electricity demand in the Middle East may triple by 2050, accelerating the growth of renewable energy and triggering the diversification of economies away from fossil fuels.
Oil & gas related industries are the largest contributor to overall GDP in the MENA region and although economic diversification strategies are being executed it is foreseen that fossil
resources will remain a dominant factor for in-country value creation.
Electricity, gasoline, and water subsidies are widespread, still driving high consumption per capita and draining government finances.
Near- and mid-term renewables expansion will mostly be for satisfying growing domestic needs, to support the growing demand for fossil energy, and to diversify from fossil fuel.
The coming decades to 2050 hold significant uncertainties. These are notably in areas such as regional political instability; socio-economic development; future energy
policies; transition towards cleaner fossil sources; emerging alternative energy sources; human behaviour and response to policies; the pace of technological progress; and trends in the pricing of existing and new technologies.
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Zonnepanelen zijn goed voor je portemonnee.
Dat dacht ik dus ook.
Maar 1 januari 2027 moet je gewoon betalen om je eigen opgewekte stroom terug te leveren aan het net. Jep, dat noem ik boete op zelfvoorzienend zijn.