VIDEO: Aramco president and CEO says it’s time to rethink the energy transition

CERAWeek 2025
Amin Nasser, president and CEO

For over a decade, and along with others from our industry, I have felt a growing responsibility to highlight the inherent flaws in the current energy transition plans. 

This stems from a deep commitment to our consumers around the world. 

And to an energy future that includes genuine reductions in GHG emissions and a strong focus on sustainability. 

I am an engineer to my core.

I evaluate plans through the lens of inputs and outputs.

And the promised outputs were promoted with unwavering confidence. 

There would be a full inventory of essential and genuinely competitive transition technologies.

Then there was the fiction that critical transition technologies are genuinely competitive and being rapidly deployed.

New sources add to the energy mix and complement existing sources. 

So, a new model of future energy is urgently needed that reflects the reality of growing demand and energy addition.

And I believe it should be based on three core principles. 

First, all sources must play a growing role in meeting rising energy demand in a balanced, integrated manner. 

Second, the model must genuinely serve the needs of developed and developing nations alike, as originally promised, especially when it comes to technology. 

Third, and crucially, this has to be about delivering real results.

Reducing GHG emissions must still get the highest possible priority.

So let’s shape an energy future the world actually wants, can actually afford, and can actually reach, including climate goals.