11th Arab Energy Conference: Energy Security as a Global Partnership
Marrakech City, Morocco
The Secretary General of the International Energy Forum, Dr Sun Xiansheng, participated in the 11th Arab Energy Conference hosted by Morocco under the high patronage of H.M. King Mohammed VI under the theme Energy and Arab Cooperation on 1-4 October in Marrakech, Morocco. The 11th Arab Energy Conference was opened by the conference chairman HE Aziz Rabbah, Minister of Energy, Mines and Sustainable Development, Morocco and HE Dr. Ahmed Aboul Gheit, Secretary General, the League of Arab States on behalf of the Sponsoring Organizations of the Conference that also involved the Organisation of the Arab Petroleum Exporting Countries (OAPEC), the Arab Fund for Economic and Social Development, and the Arab Industrial Development and Mining Organization.
The IEF Secretary General participated in both the first and second high-level ministerial sessions discussing the Transformations in Global Oil and Gas Markets and their Implications for Arab Oil Exporters, and Energy Security as a Global Partnership respectively. Both sessions were informed by background papers that HE Abbas Ali Al-Naqi, Secretary General of OAPEC, invited from Dr. Bassam Fattouh, Director, Oxford Institute for Energy Studies, and the International Energy Forum.
The IEF Dialogue Insight Paper on Energy Security as a Global Partnership highlighted that:
- The producer-consumer dialogue and the establishment of the International Energy Forum mark the turning point from the adversarial energy security relations of the past.
- Energy security concepts and dialogue has become more forward looking and dynamic on the impact of the shale oil and gas revolution, the rapid advancement of renewables and the imperative of fulfilling globally shared goals together.
- Sustainable and inclusive growth does not ease the burden on producers and consumers to timely mobilise investment in conventional sources of supply, advance efficiency gains and innovation in energy supply chains and avoid market disturbances. Energy dialogue and data transparency including on inventories and spare capacities remains important.