(Ninth China International Import Expo) The industry calls for enhancing the resilience of the global energy system

At events related to the 9th China International Import Expo held in Shanghai, the industry called for further enhancing the resilience of the global energy system in the face of the complex and ever-changing global situation.

Tengku Muhammad Taufik, President and Group CEO of Petronas, pointed out that affected by the international situation and market changes, Asian countries need to build a more resilient energy system. This system must not only meet the continued growth of energy demand, but also ensure reliable and affordable energy supply.

"Asian countries need to take the initiative to promote diversification of energy supply and coordinate various local and cross-border energy resources." Taufik said, "Asian countries want to move towards a clearer 'energy future', cooperation is the foundation, and we hope that we can move forward hand in hand."

On November 4, the Sinopec Theme Forum of the 9th China International Import Expo was held in Shanghai. Tengku Muhammad Taufik, President and Group CEO of Petronas, shared at the forum. Photo by China News Service reporter Zheng Yingying

Kurt Barrow, senior vice president of S&P Global Energy and global head of oil, fuels and chemicals research, said that some countries are re-evaluating the development of electric vehicles, which is both an integral part of the energy transition and to a large extent also serves energy security goals. In the field of electric vehicles, China plays an important role in the global energy transition.

Barrow also mentioned that artificial intelligence has huge development potential and is a positive force that can partially offset the current negative impact. "Although AI will increase energy consumption, its greater value lies in empowering the intelligent development of industries."

Andrew Barry, chairman of ExxonMobil LNG Market Development Company, believes that in the past few years, the global energy system has suffered successive impacts, with geopolitical tensions, extreme weather and other events testing the resilience of the global energy system. These events not only remind people of a basic fact that energy security cannot be taken for granted, but also confirm another equally important fact: when countries, companies, and industries work together, the global energy system will show strong resilience.

Hou Qijun, chairman of Sinopec, calls on all parties to jointly build a tough and efficient supply chain, strengthen in-depth cooperation in the fields of oil and gas resource development, LNG (liquefied natural gas) trade, pipeline network construction, reserve peak shaving and other fields, and jointly maintain the stability and resilience of the global energy market. (over)