The world will definitely need more energy and a favorable investment environment must be created to meet these needs, UAE Minister of Energy and Infrastructure Suhail Al Mazrouei told ADIPEC. However, he does not expect a glut in the market.
„The world will definitely need more resources. These resources will definitely be more oil, definitely more gas, definitely more renewable energy. And we need to make sure that the economic climate for investment allows us to do that,” he said.
The energy minister noted that future investments now need to balance customer needs with global demand.
He also noted that with the development of artificial intelligence and data centers, the world will definitely need more energy.
„I'm not talking about a supply glut scenario. „I don't see that. I can't justify it. I think all we're seeing is increasing demand,“ the minister noted.