FII 8
VIDEO: Amin Nasser at FII — navigating the energy transition
President and CEO emphasizes at the Future Investment Initiative, the need for a just and equitable energy transition that balances security, sustainability, and affordability.
Amin Nasser, Aramco president and CEO
FII 8th Edition
We are as Saudi Aramco and as a kingdom, we are investing big time in renewable, hydrogen, and carbon capture and storage.
So we are for that transition, but at the same time we are making sure that we are growing our oil and gas activities and petrochemicals.
So if you look at our emissions and methane and CO2, it is the lowest. So we are not really against the transition, actually we are for that transition, especially with the Kingdom Green initiative and all of that.
At the end of the day, cost matters, and we can see when you want to have a transition that is acceptable to all, especially where the growth in population and GDP is mainly in the Global South.
You need an energy transition that is affordable, secure, and at the same time sustainable.
You need to take the economic maturity of every country, their needs and their requirements and then transition.
It will always depend on their economic maturity and what they can afford at the end of the day.