Energy Transition Outlook 2020 - Regional forecast Middle East and North Africa
Is the Middle East and North Africa region on track to realize its vast renewable-energy potential and diversify its energy sources by 2050? Read DNV's findings in this excerpt from the Energy Transition Outlook 2020.
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Regional forecast Middle East and North Africa - Energy Transition Outlook 2020
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Is the Middle East and North Africa region on track to realize its vast renewable-energy potential and diversify its energy sources by 2050?
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.
