Aramco President and CEO Amin Nasser addressed a range of global challenges tied to energy transition policies during his speech at the Energy Intelligence Forum 2025 in London. He emphasized the critical role of these policies in ensuring that energy remains sustainable, affordable, and reliable.
Nasser reaffirmed that oil and gas continue to form the backbone of the global economy, highlighting the importance of strengthening all energy sources to meet increasing global demand. He also underscored Aramco’s long-term growth ambitions.
Shifting Energy Transition Narratives
Discussing the evolving narrative around the energy transition, Nasser noted that many analysts and forecasters are revising their outlooks to make them more realistic—recognizing that oil and gas will remain essential for decades. He expressed hope that this shift would encourage renewed investment in both sectors.
Nasser also cautioned that many unrealistic expectations surrounding the energy transition have failed to materialize, leading to unintended negative consequences.
While acknowledging the growth of renewable energy and electric vehicles, Nasser pointed out that these advances still fall short of meeting demand growth and remain limited in scale, even in advanced economies. He observed that economic constraints, technological limits, and public sentiment are prompting some governments in the Global North to reconsider their energy transition plans.
Aramco’s Integrated Growth Strategy
Nasser outlined Aramco’s determination to maintain its leadership in oil production, citing the company’s massive resource base, low costs, and minimal upstream carbon intensity.
He also highlighted Aramco’s rapid expansion in gas, noting the company’s significant conventional and unconventional reserves and its goal to substantially increase gas output.
In addition, Nasser reaffirmed that chemicals remain a key long-term growth area, supported by Aramco’s strengths in both feedstocks and conversion capabilities.
A major focus of Nasser’s address was Aramco’s large-scale adoption of artificial intelligence (AI). He detailed how AI is being used across operations in innovative ways—supported by robust infrastructure investments, top-tier talent, and a SAR 26.25 billion ($7 billion) venture capital program.
Commitment to Efficiency, Sustainability
Nasser reiterated Aramco’s commitment to enhancing operational efficiency and reducing carbon and methane emissions in early production stages. The company also continues to expand its footprint in the new energy sector, prepared to scale up as these technologies become commercially viable.
According to Nasser, this balanced strategy positions Aramco for a realistic and resilient future, ensuring long-term value for its stakeholders and shareholders worldwide.
The Energy Intelligence Forum is a leading annual event that unites global experts in energy, policy, finance, and business. Participants collaborate to address industry challenges, exchange ideas, and shape the future of the energy sector. Finally, the 2025 edition centers on the effects of trade protectionism and the complexities of the global energy transition.
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