July 11th, 2025 - 06:01 GMT
Total investments of USD$4.3 trillion are needed in the coming 5 years to keep up with fast-growing demand for natural gas and make up for a lost decade of underinvestment, Majid Jafar, CEO of Crescent Petroleum, the Middle East’s oldest and largest private upstream oil and gas company, told ministers and energy industry leaders in Vienna. The world must invest more to maintain and grow the current energy systems particularly in the developing world where demand is growing fastest, Jafar said in his remarks on the opening day of the ...
