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5th IEF-KAPSARC Thought-Leaders' Roundtable

28 February 2019

Riyadh, Saudi Arabia

The Secretary General of the International Energy Forum (IEF), Dr Sun Xiansheng and the President of the King Abdullah Petroleum Studies and Research Center (KAPSARC), Mr Adam Sieminski co-hosted the 5th IEF-KAPSARC Thought Leaders’ Roundtable on 28 February 2019 at the IEF Headquarters in Riyadh. The Roundtable was held under the Chatham House Rules. Dialogue informed by the IEF-KAPSARC Introductory Paper explored the role of efficiency and innovation in sustainable and competitive energy supply in four sessions focused on:

  1. Efficiency Drivers and Gains in Hydrocarbon Supply Chains.
  2. Integrating Low-Carbon Energy technologies in the Upstream and Midstream.
  3. Innovation in Energy Systems.
  4. The Evolution of the Oil and Gas Business Model.

Panelists noted that innovation to make hydrocarbon supply chains more competitive and sustainable is the fastest and easiest way to reduce emissions and highlighted carbon efficiency, industry restructuring to unlock synergies that reduce cost and capture value as key levers.  Discussions focused on the role of carbon capture use and storage and other technologies including new opportunities offered by digitalization in detection to reduce harmful emissions, the development of premium fuels and more efficient energy conversion processes, as well as the reemergence of hydrogen derived from hydrocarbons, renewable, nuclear, and waste materials in enabling successful transformations. Panelists also highlighted the importance of cohesive government-industry partnerships to formulate and advance consistent innovation agendas that mobilise investment, broaden public acceptance and create consensus.

Watch highlights of the 5th IEF KAPSARC Thought Leaders' Roundtable

The Fifth IEF-KAPSARC Thought Leaders' Roundtable follows up on the call by IEF Ministers to pool efforts in globally integrated frameworks to accelerate energy efficiency gains across the full energy sector spectrum and leverage the IEF Energy Efficiency Knowledge Sharing Framework in collaboration with relevant organisations and governance platforms globally. Outcomes will also help to inform the global energy dialogue that the IEF pursues 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 alongside the 24th World Energy Congress, and the 17th International Energy Forum Ministerial hosted by China in 2020 with Morocco as the co-hosting country.

Symposium Videos

Opening Remarks

Session I: Efficiency Drivers and Gains in Hydrocarbon Supply Chains

Moderated by Adam Sieminski, President, KAPSARC

Session II: Integrating Low-Carbon Energy Technologies in the Upstream and Mid-Stream

Moderated by Steve Griffiths, Senior Vice President, Research and Development, Khalifa University

Session III: Innovation in Energy Systems

Moderated by Kamel Ben Naceur, Chief Executive Officer, NOMADIA Consulting, Former Minister of Energy, Tunisia

Session IV: The Evolution of the Oil and Gas Business Model

Moderated by Axel Pierru, Interim Vice President of Research, KAPSARC

Previous IEF Thought-Leaders Roundtables