Wednesday, 31 October 2018

APICORP Supports Algeria Future Energy

Dammam, Saudi Arabia, 31 October 2018: The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank, participated in the Algeria Future Energy summit, which was held on 29th and 30th October. APICORP’s Senior Economist for Energy Research, Mustafa Ansari, moderated a panel discussion, which focused on driving growth and efficiencies across the natural gas value chain.

The panel members were Ahmed Mazighi, VP of Marketing at Sonatrach; Stefano Cao, Chief Executive Officer of Saipem; Adolfo Heeren, Chief Executive Officer of TGP; and Jerome Fitzgerald, Senior Executive at BP.

The panel discussed a range of issues, including forecasting future demand trends for natural gas, both in Algeria and internationally; Sonatrach’s role in the European market, how new technology and infrastructure will increase efficiencies in production; the role of trading as gas transitions into a global commodity and the rise of LNG trade; the role of gas in the future energy mix; geopolitics and its impact on investment in the sector; and the impact of growing demand in Asia.

Mustafa Ansari, senior economist at APICORP, commented: “APICORP is delighted to support the Algeria Future Energy summit, a key event in the industry calendar. Algeria is a member country, and as part of our mandate, we are confident that we can play a crucial role in supporting the development of the energy sector and in financing critical projects in the country. We enjoyed a fascinating discussion on a range of important and relevant issues and the panellists offered some very valuable insight based on their various expertise and experience. The subjects we covered are areas in which APICORP’s research team covers in great depth, so it was useful to compare our own analysis with executives who are at the cutting edge of gas investment and production.”