Aramco’s CEO calls for new energy transition plan with focus on Asia

Aramco President & CEO, Amin Nasser, called for a new energy transition plan that considers the needs of all countries, specifically those in Asia and the broader Global South.

A Transition Plan 2.0 was necessary to account for the Asian continent’s crucial role on the global stage, its resources and its future outlook, Argaam reported, citing a keynote speech at the Singapore International Energy Week.

“This may be Asia’s century. But Asia’s voice and priorities, like those of the broader Global South, are hard to see in current transition planning, and the whole world is feeling the consequences. Transition progress is far slower, far less equitable, and far more complicated than many expected… Our main focus should be on the levers available now,” Nasser said.

He added this ideology-free approach simply prioritizes systematic emissions reduction where the impact is greater, at an acceptable cost, within reasonable timeframes, and whatever the source or technology. It can be called a multi-source, multi-speed, and multi-dimensional approach that addresses the actual security, affordability, and sustainability priorities of all countries, not just a few. It is Transition Plan 2.0 with Asia at its heart.