抖阴短视频

DAVOS: The Middle East, particularly 抖阴短视频, is poised to play a pivotal role in the global energy transition, according to Mark Eramo, co-president of S&P Global Commodity Insights. 

Speaking to Arab News at the annual meeting of the World Economic Forum in Davos, Eramo highlighted the region鈥檚 growing renewable energy capabilities and its potential to balance traditional energy demands with advancing sustainability goals.

鈥淭he renewable energy capabilities in the Middle East are primed to be part of the energy transition and will also continue to support what we would now call traditional energy as it鈥檚 needed,鈥� Eramo said.

He emphasized the ongoing importance of energy affordability and security, noting their priority for governments worldwide. 

Eramo said 抖阴短视频, with its growing investments in the renewable energy sector, as well as ammonia production for hydrogen, is poised to emerge as a worldwide leader, adding: 鈥淭he Kingdom is really positioned well to be an energy transition provider and take a global leadership role in that.鈥�

With this in mind, Eramo highlighted S&P鈥檚 significant footprint in the Middle East and said the organization was in the process of expanding its presence in the region, something he said he was 鈥渆xcited about.鈥�

He continued: 鈥淚 manage S&P Global Commodity Insights and watch closely what is happening in 抖阴短视频 and the region is near and dear to the work that we do. It鈥檚 a fundamental part of what we鈥檙e doing, whether it be downstream chemicals or just fundamental oil and gas and renewable energy. So, our plan is to increase our footprint in the region and be there.鈥� 

Eramo also reflected on the global energy outlook, touching on the implications of potential US policy shifts. 

Under President Donald Trump鈥檚 renewed leadership, energy policy in the US is expected to shift toward an emphasis on increasing crude and gas production and expanding export terminal capacity, something which was paused under the administration of Joe Biden.

Citing that Trump this week declared an 鈥渆nergy emergency鈥� in the US, Eramo said that the new administration鈥檚 focus on lower energy prices would aim to curb inflation and prioritize security.

Globally, he also noted the varied and pragmatic approach to the pace of energy transition, shaped by differing regional priorities. 

鈥淭here are challenges in Europe, Asia Pacific, and South Asia. Each country, whether it鈥檚 China or India, will respond differently,鈥� he said. 

鈥淚t鈥檚 not about whether energy transition is over but understanding that it鈥檚 been going on for decades, driven by carbon emission reductions and fuel efficiency advancements,鈥� he added.

Eramo acknowledged the historical resilience of energy players in navigating geopolitical uncertainties, especially in the Middle East in the past two years. 

鈥淚 think there鈥檚 a long history of geopolitical turmoil in different parts of the world, and I think the major players in energy supply, including in the Middle East, have always found a way to work with their partners 鈥� whether in Europe, APAC (Asia-Pacific) or in the Americas 鈥� to navigate those waters and respond accordingly,鈥� he said.