The Middle East & North Africa Energy Transition Report describes DNV’s view of the most likely development of the region’s energy future, and details the dynamics, challenges and opportunities ahead through to 2050.
- Middle East and North Africa will account for 85% of conventional onshore oil production by mid-century. This means that among producers, the Middle East and North Africa will out-compete other regions in the long run.
- The region is taking serious steps to realize its vast renewable-energy potential and diversify its energy sources
- Key policies will aim ‘to green’ supply chains and reduce per capita energy consumption
- While natural gas will remain the dominant source of power generation in the medium term, there will be fast uptake of renewable technologies
- Even in this oil and gas rich region, variable renewables will produce more than half the power in 2050
- Electricity demand in the region will almost triple by 2050.