Majid Jafar, CEO Crescent Petroleum at Atlantic Council 2022 Global Energy Forum Opening Plenary

Energy security has become an overriding concern of 2022. Geopolitics has driven oil prices to 10-year highs and gas prices in Europe to record levels. Major Western economies – which last year focused almost exclusively on the energy transition – are pushing for increased domestic oil and gas production and are turning back to coal. Have energy security concerns derailed climate action? Is it possible to simultaneously focus on meeting short term demand while not losing sight of crucial net-zero goals? Are there solutions that can help solve both challenges?

Meeting the 2022 challenge