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WorldDecember 10 2014

Looking at the bigger energy security picture

A holistic view and a coordinated approach: both are needed with regards to the global energy security situation if future demand is to be met, says OPEC secretary-general Abdalla Salem El-Badri.
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Looking at the bigger energy security picture

Concerns about local, regional and global energy security are at the top of the agenda for many countries around the world. With the focus not just on oil, but on the entire energy value chain, it is essential to better understand the needs and requirements of each and every stakeholder – whether they be individuals or large multinationals, national or international energy companies, or upstream or downstream players.

To do this we need to view the entire energy system holistically, especially given the ever-increasing linkages between local, regional and global levels. It is crucial that we try to better appreciate each other’s viewpoints, seek to be pragmatic in our discussions, and strive to be realistic in setting our targets and goals. Understanding the inter-related nature of the challenges and opportunities that face us all will help us to improve our responses, and achieve the goals of enhancing energy security, advancing market stability and delivering a sustainable energy future.

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