⁍ Saudi Arabia’s energy minister said the world should be looking at all options to mitigate emissions of greenhouse gases.

---

⁍ Prince Abdulaziz bin Salman said getting rid of oil and gas would be ‘far-fetched and unrealistic’
Saudi Arabia is building solar power plants to free up oil and gas for exports.

---

– Getting rid of oil and gas is “far-fetched and unrealistic,” Saudi Arabia’s energy minister said at an energy summit in Singapore today. “Let’s not focus on the fuel of choice but rather how we can mitigate and adapt to these realities without showing any preferences,” Abdulaziz bin Salman told the Singapore Energy Summit, per Reuters. For example, Saudi Arabia is building solar power plants to free up oil and gas for exports. In response to a question about how OPEC+ has ensured high compliance with production quotas, Prince Abdulaziz said: “Engaging people as equal, ensuring that people do understand that the lack of conformity and lack of commitment would undermine … the credibility of this agreement to the market.” “Therefore the market, instead of rewarding us, it would actually penalize, and the more it penalizes, the less the others who are in conformity with it would see the point of continuing control, and then all of this will cascade down to nothing.”