4 May 2021 18:58 GMT Updated 4 May 2021 18:58 GMT in Singapore
Middle East and North Africa energy investments are forecast to exceed $805 billion over the next five years (2021 to 2025), according to The Arab Petroleum Investments Corporation (Apicorp), a multilateral development financial institution.
Apicorp’s latest MENA energy investment outlook see only a modest $13 billion increase in committed and planned energy investments compared to last year’s outlook, however renewables surge to claim an almost 40% share of the estimated $250 billion in power sector investments.
Sign up for our new energy transition newsletter
Gain valuable insight into the global oil and gas industry s energy transition from
It looks like this was the result of either:
A mistyped address
A broken link on our site
A broken link on a search engine results page
A broken link on someone else s page
Some things to try:
Use the navigation menu at the top Most Read
Mena energy investments to exceed $805bn over next five years
By: Times News Service
Photo: Supplied
Muscat: The overall planned and committed investments in the Middle East and North Africa (Mena) region will exceed $805 billion over the next five years (2021–2025) – a $13 billion increase from the $792 billion estimates in last year’s five-year outlook.
The Arab Petroleum Investments Corporation (Apicorp), a multilateral development financial institution, estimates in its Mena Energy Investment Outlook 2021-2025 report attributes this modest rise to four factors.
These are strong confidence in the rebound of global gross domestic product (GDP), rising energy demand, the comeback of Libyan projects – which alone accounts for around $10 billion in planned projects – and the accelerated pace of renewables in the region.
www.APICORP.org),
latest MENA energy investment outlook sees a modest USD13 bn rise in committed and planned energy investment compared to previous year’s outlook; Renewables claim a significant share of almost 40% the estimated USD250 bn in power sector investments; Committed Gas investments projected to fall by USD9.5 bn to USD75 billion after completion of several megaprojects in 2020; An evolution in regulations is needed for MENA region to realize its energy storage potential; Additional capacity – particularly from renewables – will make power trading a more commercially viable option in MENA; MENA can emerge as a major blue and green hydrogen-exporting region thanks to low-cost gas resources and strong renewable energy progress.
APICORP: Middle East and North Africa (MENA) energy investments to exceed USD805 bn over next five years africanews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from africanews.com Daily Mail and Mail on Sunday newspapers.