The rise of Artificial Intelligence (AI) is driving a paradigm shift for global energy markets, with widespread adoption of the power-hungry technology forcing a rethink of long-standing demand assumptions. The idea of an imminent energy transition away from hydrocarbons to low-carbon alternatives is rapidly losing traction amid ever-increasing estimates of AI’s demand potential.
In his keynote address opening Abu Dhabi’s Adipec conference on 3 November, Adnoc CEO Sultan al-Jaber focused on the speed at which the energy sector is being reshaped, with strong demand growth across the board: “While we may face headwinds in the months ahead, the long-term outlook shows demand growth for every form of energy across every market. Our response to meet that demand should focus on the data, not the drama.” (CONTINUED - 631 WORDS)
