Politics & News

GCC Sec. Gen. Affirms KSA Primary Player in Energy Security

Jassem Mohammed Al-Budaiwi, the Secretary-General of the Gulf Cooperation Council (GCC), emphasized the GCC’s role as a primary player and a reliable international partner in ensuring energy security. Thus, this prominence in this field’s policy is pivotal in the global oil and gas sector.

During his speech at the 19th session of the Manama Dialogue “Regional Security Summit,” Al-Budaiwi highlighted the need to analyze current energy security situation. Number of factors contribute to this situation including traditional conflicts, lack of alternative plans, and misconceptions about renewable energy replacing fossil fuels.

Decades of Dependable Partnership

The GCC has proven to be a trustworthy partner in energy for decades, reflecting a commitment to global energy market stability. Historical events, like the Iran-Iraq war of the 1980s, demonstrate this commitment. The recent Ukrainian crisis further spotlighted the GCC’s vital role in maintaining energy security.

Sustainable Energy Initiatives

Al-Budaiwi underscored the Gulf states’ strategic efforts in enhancing this field, including renewable energy focus, strong investment in research, and encouraging private sector collaboration in joint projects.

Balancing Traditional and Renewable Energy Sources

The GCC recognizes the long-term importance of traditional energy supplies to maintain affordability. National development plans show how GCC countries are using renewable energy sources.

Urgent Need for International Cooperation

In his concluding remarks, Al-Budaiwi stressed the urgent need for enhanced international cooperation, including protecting energy infrastructure and transport routes. He called for long-term vision to ensure energy security.  Moreover, transparency between producers and consumers is vital to ensure oil market stability.

Global Alliance for Future Challenges

Despite the GCC’s commendable efforts, facing future challenges requires a broad global alliance. Any disruption in energy supplies poses a threat to all countries because energy security is an integral part of national and international security.

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