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3rd IEF-EU Energy Day

Riyadh, Saudi Arabia

The Secretary General of the International Energy Forum (IEF), Dr Sun Xiansheng and the Ambassador of the European Union to Bahrain, Kuwait, Oman, Qatar, and Saudi Arabia, HE Michele Cervone d’Urso co-hosted the 3rd IEF-EU Energy Day on 26 February 2019 at the IEF Headquarters in Riyadh.  Keynote addresses, invited from both the European Union (EU) and the Cooperation Council for the Arab States of the Gulf (GCC), highlighted how both regions view new energy technology deployment opportunities over the long-term to set the scene for discussions in two sessions:

  • HE Jörg Ranau, Ambassador of Germany to Saudi Arabia chaired and moderated Session I on the Economics on New Energy Technologies in Europe and the Gulf Region.
  • HE Luca Ferrari, Ambassador of Italy to Saudi Arabia chaired and moderated Session II on Government and Industry Cooperation to Foster Energy Sector Trade, Investment and Innovation.

The 3rd IEF-EU Energy Day was held under the Chatham House Rules, against the background of recent announcement on renewable energy deployment in the Gulf and Europe. Participants benefited from the contributions of senior government and private sector panelists including from Austria, Italy, Saudi Arabia, and the UK as well as international organisations and multilateral development banks such as the International Renewable Energy Agency (IRENA) and the Arab Petroleum Investment Corporation (APICORP).

Discussants noted that visions evolve and are useful to inspire action and help establish a common direction of travel. New energy technology deployment and innovation, driven by international trade and investment and local manufacturing and research capabilities, as well as greater systems integration and flexibility, are central to meet growing demands regionally, and achieve shared goals globally. Dialogue on enabling policy mechanisms for secure and sustainable energy markets strengthens investor confidence creating new industrial growth and employment opportunities. The IEF is a useful platform for identifying areas of cooperation and acting upon these discussants found. They looked forward to strengthening their engagement and help deepen the dialogue, noting that while tremendous advances are being made there is a need to improve regional cooperation.

The outcomes of the 3rd IEF-EU Energy Day will help to inform the global energy dialogue including but not limited to the 8th Asian Ministerial Energy Roundtable hosted by the United Arab Emirates on 9-10 September 2019 in Abu Dhabi with India as a co-host taking place alongside the 24th World Energy Congress.

Opening Remarks

Keynote Address: The EU's Strategic Long-Term Vision for a Prosperous, Modern, Competitive and Climate Neutral Economy by 2050

  • Alberto Martelli, First Counsellor, Head of Trade Section, Delegation of the European Union to Saudi Arabia, Bahrain, Kuwait, Oman and Qatar

A Regional Perspective to Introduce Session Discussions

Session I: The Economics of New Energy Technologies in Europe and the Gulf Region

Session Moderator: HE Jorg Ranau, Ambassador of Germany to Saudi Arabia

Session II: Government and Industry Cooperation to Foster Energy Sector Trade, Investment and Innovation

Session Moderator: HE Luca Ferrari, Ambassador of Italy to Saudi Arabia

Previous IEF-EU Energy Days

Key Documents

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