good morning your excellencies and distinguished guests

M. Albers' address at KAZENERGY Forum

I'm delighted to be back at Kazenergy Eurasian energy forum

since its founding six years ago this form

has established itself is really one of the premier

conferences for discussing the future global

energy markets as well as a crucial role that EurAsia

must play is shaping that future.

the theme for this opening session

is the geopolitics of EurAsia, challenges,

new frontiers. that's fitting

because in the 21st century energy promises to play a pivotal role

in international economics, geopolitics.

nations such as Kazakhstan willing to

become increasingly important because they have the resources

and the potential to respond to the energy needs of the global economy.

considering the importance of energy

and the importance of kazakhstan on the world energy map

it's imperative that we take a long-term

perspective. there's an old in

well known kazakh proverb which says there's nothing as far away as yesterday

and there's nothing closer than tomorrow.

nowhere is this more true than in our industry.

we must prepare now for the decades

to come because like tomorrow they'll be here before we know it.

In my remarks this morning I'll discuss the energy challenges we face in the decades

Ahead.

The role of EurAsia in these energy challenges

and the new supplies of energy that will come from forging strong

partnerships

leveraging (tartu) innovative technologies and investing

over the long term. let's begin by considering the forces that

shaped the global economy

in energy markets. Of course at this moment in history

the short term outlook for global economy is uncertain at best.

many nations throughout the world continue to struggle with high

unemployment,

slow-growth and very high levels of debt.

while other countries face the challenges with the pace of

economic growth and inflation. despite these

short term challenges the long-term prospects for the global

economy though remain quite strong and promising.

populations are going to continue to grow

with education levels rising in free trade

ultimately expanding. technology and expertise turn increasingly crossing

borders

improving efficiency, opportunity and hope of higher standards of living

for all. as we look for the decades to come. we would expect the global economy

to grow by some eighty percent by the year 2030

driven largely by population growth here in Eurasia.

that growth will be even more impressive in developing nations

where economic growth is expected to expand by a hundred and fifty percent

and for many nations in Asia growth could be even higher.

with this long-term growth comes a need for affordable

and reliable sources of energy. Of course energy is a fundamental building block

of developed and developing economies

that powers technology, supports development

and literally makes trade among nations possible.

this essential nature of energy is why we projected global energy demand will

be about 25 percent higher by the year 2030.

significant gains in energy efficiency

largely driven by new technologies will account for the difference between

economic

and energy demand growth rates. meeting this

increase in demand will require the development of all economic sources of energy.

Date: 2016-03-03; view: 591