Aramco CEO says energy transition "not going smoothly" | Reuters
Saudi Aramco Chief Executive Amin Nasser said on Thursday that investment in oil and gas was needed to run alongside new energy investments until the latter can realistically support rising consumption.
"We all agree that to move towards a sustainable energy future a smooth energy transition is absolutely essential but we must also consider the complexities and challenges to get there," he told the B20 conference in Indonesia via video link.
"We have to acknowledge that the current transition is not going smoothly," he said.
Nasser has said Aramco aims to achieve net zero emissions from its operations by 2050 while also building hydrocarbon capacity and expanding its maximum sustained production capacity to 13 million barrels per day.
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