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: 531
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