Transformations in the Energy Sector

25 May , 12:00–13:15
The Global Economy in an Era of Change
Panel Session
Congress Centre, Conference Hall D1

The transformation of the global economy is accelerating, and the revolution in how businesses and consumers interact, in logistics, and in communications means that we all have to adapt or face the prospect of falling behind. The energy sector is no exception, with its role in the global economy steadily growing. A significant part of global GDP growth can be attributed to new consumers being integrated into the economy as well as to the growth of the service sector, and both factors imply the need for an affordable and reliable energy supply. The source is no longer important; what matters is how competitive the energy is and whether it is accessible, particularly with power that is consumed in the form of electricity. The choice between electrical outlet and petrol station is becoming more topical, and is having an impact on long-term solutions in the energy sector. How can uncertainty be reduced to ensure that the fuel and energy sector remains attractive to investors, and to mitigate future volatility, while maintaining ample energy supplies for the global economy in 20 years?

John Defterios, Emerging Markets Editor, CNN

Khalid A. Al-Falih, Minister of Energy, Industry and Mineral Resources of the Kingdom of Saudi Arabia; Chairman of the Board of Directors, Saudi Arabian Oil Company (Saudi Aramco)
Mohammad Sanusi Barkindo, Secretary General, Organization of the Petroleum Exporting Countries (OPEC)
Ben van Beurden, Chief Executive Officer, Royal Dutch Shell Plc
Robert Dudley, Group Chief Executive, BP
Daniel Yergin, Vice Chairman, IHS Markit
Alexander Novak, Minister of Energy of the Russian Federation
Patrick Pouyanne, Chief Executive Officer, Chairman of the Board, Total