US balances old energy alliances with new
Washington remains committed to GCC nations but is also strengthening relationships in Asia-Pacific and beyond, says State Department
The world is entering a new era of energy partnerships that better reflect changes driven by the US’ domestic energy supply boom, by the energy transition and by broader geopolitical dynamics, according to a Department of State official. Washington is looking beyond its traditional Middle East relationships to Asia-Pacific, as well as trying to combat growing Russian influence in energy producing nations. “The US transition from scarcity to abundance is opening a new era of opportunity,” Francis R Fannon, assistant secretary of state for energy resources, told the Adipec conference in Abu Dhabi in November. “We are entering a new era built on partnerships.” GCC countries should be reassure
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
