Coffee Served (Networking)
KU Welcome Address
IAEE President Opening Remarks
Christophe Bonnery, President, International Association for Energy Economics (IAEE)
General Symposium Chair Opening Remarks
Steve Griffiths, Senior Vice President, Research & Development and Professor of Practice, Khalifa University
Ministerial Keynote, UAE Ministry of Energy and Industry
Matar Al Neyadi, Undersecretary, UAE Ministry of Energy and Industry
Plenary Session 1: The Future of Hydrocarbons: Changing Demand and Subsequent Impacts
This session explores the trajectories for global oil and natural gas demand and focuses on the main drivers, uncertainties and potential disruptors. The session assesses the timeline of potential energy transition scenarios, including the impacts of a scenario of rapid global penetration of zero-carbon vehicles, including electric and hydrogen fuel cell vehicles. This session also analyzes trends in global natural gas demand and addresses the degree to which the significant gas demand growth that some forecasts project is likely to be realized. Related to this topic, the role that liquefied natural gas (LNG) may play in the region will also be considered. Finally, the session will consider how the major oil exporting nations in the Middle East and their national oil companies might respond to growing climate change concerns and calls for a reduction in greenhouse gas emissions. Specifically, the session will address whether the focus of regional energy strategies may shift to lower carbon fuels or zero-carbon hydrogen, and whether impacted countries will have a coordinated or differentiated response to the changing global energy landscape.
Marianne Kah (Presiding)
Advisory Board Member and Adjunct Senior Research Scholar, Columbia University Center on Global Energy Policy
Chief Economist, Economics & Competitive Intelligence, Abu Dhabi National Oil Company
Chairman and CEO, The Institute of Energy Economics, Japan (IEEJ); Adjunct Professor, National Graduate Institute for Policy Studies (GRIPS)
Senior Director, Center for Energy Studies, Baker Institute
Director of Technology Strategy & Planning, Saudi Aramco
Plenary Session 2: Shaping the Future Energy Landscape: The Role of Climate Concerns and Technology Innovation
This session explores climate and technology within the context of an uncertain future energy landscape. Many, if not most, energy supply and demand outlooks to 2050 strongly suggest that growing global energy demand will continue to be met largely by fossil energy sources. However, calls to refrain from further investing in hydrocarbon projects due to environment concerns is becoming increasingly prevalent. Hence, combining many different forms of energy in ways that will sustainably meet growing global energy requirements is a key societal challenge.
Given these considerations, this session addresses the means by which the Middle East’s significant natural resource endowments can be best utilized in the evolving future energy landscape. The session will explore how hydrogen technologies, combined with carbon capture, utilization and storage (CCUS), may pave the way for fossil fuels to be used as carbon-free energy. The session will also consider how hydrogen can serve as trans-seasonal storage medium to that utilizes and potentially maximizes the region’s variable renewable energy sources. Finally, the session will consider how in a long-term energy transformation, not only technologies already in use or in development will be needed, but also those that are even more innovative and yet to be developed technologies will be required.
Yukari Niwa Yamashita (Presiding)
Board Member and Director, The Institute of Energy Economics, Japan (IEEJ)
CEO of Qamar Energy
Director General of the Kuwait Institute for Scientific Research (KISR)
Chief Technology Officer for Abu Dhabi National Oil Company (ADNOC)
Chief Technologist, Carbon Management Research Division, Saudi Aramco
Plenary Session 3: Energy Diversification: Renewables and Nuclear in the Middle East
This session assesses how certain Middle Eastern countries have responded and accelerated the deployment of renewable energy and nuclear power for securing a sustainable future, which includes also discussions on policy changes, investments, and technological advancements. The session furthermore highlights the role of the GCC Grid Interconnection to address the growth in peak load demand for electricity. In addition, the session will identify potential benefits of distributed energy resources and the impact they may have on end-use consumption patterns in the industrial, commercial and residential sectors. Finally, the session will evaluate a role for blue and green hydrogen, as an energy storage mechanism to complement renewable energy and nuclear resources, and to lead the global shift in reducing the carbon footprint of hydrocarbon exports. Within this context, consideration will be given to optimizing the value of the large natural endowment of low-cost hydrocarbon reserves found in Middle Eastern energy exporting countries that are seeking to diversity their economies.
Adnan Shihab-Eldin (Presiding)
Director General, Kuwait Foundation for the Advancement of Sciences (KFAS)
Senior Economist, OECD
President, International Association for Energy Economics (IAEE)
Assistant Undersecretary for Electricity, Water and Future Energy Affairs, UAE Ministry of Energy and Industry
Director, Studies and Research at DERASAT
Acting Executive Director, Masdar Clean Energy
Plenary Session 4: Geopolitics: Issues Facing the Region Today and Tomorrow
This session will assess the potential implications of key geopolitical issues facing the region in a world of evolving geopolitical uncertainty with instability and disagreement affecting energy markets in the Middle East and across the globe. The session will focus on the interaction between geopolitics and energy markets in several dimensions: the changing role of OPEC and oil markets; the role of US shale oil, the impact of US sanctions on Iranian oil exports; the potential influence of an increasingly networked region, whether in electricity grid connectivity or natural gas pipelines; the ramifications of the global energy transition away from hydrocarbons; and finally, the spillover effects on the region and globally from regional efforts to diversify national economies.
Adam Sieminski (Presiding)
President, King Abdullah Petroleum Studies and Research Center (KAPSARC)
Secretary General, Higher Committee for Hydrocarbon Affairs, Saudi Arabia
Director, Oxford Institute for Energy Studies; Professor, the School of Oriental and African Studies, University of London
Deputy Dubai Bureau Chief Energy Intelligence
Senior Fellow Harvard University, Kennedy School of Government
Summarization of the day’s discussions and key take-away points.