HRH Minister of Energy at SGI

[M154-01] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:00:08 · HRH Minister of Energy at SGI · 2024-12-03 · مشاهدة عند هذا التوقيت

I'm just trying to fix my Decorum with this introduction, can't afford looking terrible it's always good to to see you Angela you've been a a friend and a partner for quite some time, I have to also self-congratulate your demeanor and your persistence because you got away with having to host you in 2026 both, you know this event is one of many which is now being visited by the French President, is a country to in a sort of expose using French word whereby we're really anxious to show what we are and how we will do things proud of ourselves committed to what we want to do for ourselves but we're not too greedy and not jealous we're opening our hands and our country to those who are willing to Believe in us, partner with us and be part of our good story that we shall not will we shall deliver it

[M154-02] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:01:35 · HRH Minister of Energy at SGI · 2024-12-03 · مشاهدة عند هذا التوقيت

personally, women empowerment, who could believe that the amount of women that are participating in this event would be seen in Saudi Arabia, just talk about six years ago and I would have to also add one more thing to be fair and balanced, look at the Young Youth Empowerment also, I have been advocating that I will continue advocate that, but we're taking our cues from our leader because he's been a great advocate of that in fact he is an embodiment of youth so I call myself as one of those endangered species, when it comes talking about talking about climate and what we're the topic of biodiversity and what have you but here we go you know I'm very content with the idea that I'm not trying to lead I'm coaching I'm more of a, I think coaching young people giving them the you know the things that you should do and the things that you shouldn't do but it's not compulsory, we're giving them the freedom to make their choices because they will turn around and tell you that uh you've had that experience at a different time we're facing a different time and different challenges, and we're equipped with so many things that they were not there with you at that time

[M154-03] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:03:51 · HRH Minister of Energy at SGI · 2024-12-03 · مشاهدة عند هذا التوقيت

yes

[M154-04] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:03:58 · HRH Minister of Energy at SGI · 2024-12-03 · مشاهدة عند هذا التوقيت

no we, well this country now is not only developing with the time, it is pushing the time beyond time

[M154-05] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:04:24 · HRH Minister of Energy at SGI · 2024-12-03 · مشاهدة عند هذا التوقيت

the best part is that I haven't slept for quite some time so there is a running joke at the ministry is that when I'm I run out of sleep I become a bit of a high person not hyped but high person, so we usually end up with the jokes and I take it easy and and have fun so let's have fun today

[M154-06] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:04:53 · HRH Minister of Energy at SGI · 2024-12-03 · مشاهدة عند هذا التوقيت

you know the beauty of this country is that it is in a festive mood, next door we have a festivity that goes on every day I would, and we're just overwhelmed by what we are and what we are proving to the world that this is it this is what we this is our true colors they were compressed they were sequestered using our terminology but now these unleashes spirits are thriving and demonstrating to the world that, we are as competitive as everybody

[M154-07] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:06:18 · HRH Minister of Energy at SGI · 2024-12-03 · مشاهدة عند هذا التوقيت

I wish my friend dear friend the president of Cub who is who's here I had dinner with him yesterday he's our friend from Azerbaijan and I wish he was here, and he will tell you a story that has not being told certainly the media did not capture it or actually some outlet did not want to capture it for a good reason but I'll tell you something and I'm accountable for it the very person who put together that consensus on the finance issue is a young Saudi his name is Muhammad Ayoub and he is 26 years old and you want to know something better, I would ask you how long that, the issue of carbon Market, article six, you know it I know it it's been spinning for 10 years who did sort that and brought it to a final end with consensus she's Maria Gishi she is a, I don't want to admit her age, she would reprimand me for that but she's a 33 years young Saudi

[M154-08] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:07:50 · HRH Minister of Energy at SGI · 2024-12-03 · مشاهدة عند هذا التوقيت

now ask yourself, ask yourself what was the most expected or hoped for conclusion of Cub 29 it was the finance yeah and it was Article 6 so we delivered it and if you speak to Mokhtar I wish he was here and ask him we have our friend from the UK she's sitting here she will tell you what we did but when some of those outlets make it mandatory that they will name and shame Saudi Arabia for their own reasons we really don't care

[M154-09] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:08:41 · HRH Minister of Energy at SGI · 2024-12-03 · مشاهدة عند هذا التوقيت

actually a friend of us she's part of the us delegation a good old hand I think she was the one of the most fundamental participant on bringing the Paris agreement her name is Sue, she kept running around the corridors trying to find well she used to call him little Mo, so little Mo was there all the time to try to bring Solutions, this is too overwhelming for me I so proud of not only what I put together as a Ministry but it's this country that this this country produce this kind of quality people I just want to ask everybody what else we can do and it's will be a lot

[M154-10] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:09:37 · HRH Minister of Energy at SGI · 2024-12-03 · مشاهدة عند هذا التوقيت

I'm accountable for what I say, bring me all the negotiators of Cup 29 and ask them who brought the conclusion on the finance issue and the carbon Market issue

[M154-11] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:10:00 · HRH Minister of Energy at SGI · 2024-12-03 · مشاهدة عند هذا التوقيت

and there are more on the on the mitigation issue right our friend from the UK will tell you that we have a lady her name is Ayan El-Gerny sorry she was the one who put together that consensus on that paragraph the global stock take we had a good documentation worked out successfully with our friends from the US European the UK but then some other parties wanted to spend some more time but again we will be at it next time, you will see our hand in everywhere but in a positive way than what is being said uh around and totted around by but again we don't care we have a focus we are focusing on what we want to achieve we are not going to be totted around by a media outlet here or an analysis there or a hooligan institution there we're focused on what we what is by the way we're our incentive is doing what we need to do for ourselves yes we're collaborating we recognize that there is an international Forest that you have to be working to create and achieve consensus but that consensus has to be delivered in a way that really give people a true consensus that not a consensus under duress or not a consensus where it is top bottom where by people would say you don't know what's your interest but we shall define your interest and let you understand that your interest comes not supreme but comes as a secondary to our or their interest

[M154-12] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:12:03 · HRH Minister of Energy at SGI · 2024-12-03 · مشاهدة عند هذا التوقيت

and that thing has been changed permanently thank God it is not the Oldtimers that did it is the you young people that knew how to do it

[M154-13] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:12:24 · HRH Minister of Energy at SGI · 2024-12-03 · مشاهدة عند هذا التوقيت

no I have pictures, 3 days ago in that plastic agreement which the PPC I think called it collapsing I wish I could put a picture here of three young Saudi one of them, it was too I would say it was too touching for me to see them sleeping in the floors covering themselves with their jackets simply because they had not sleep for 48 hours one of them is her name is Hassan Hamdan, I really shocked when I saw that picture because I knew what kind of commitment these people are willing to this charge

[M154-14] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:13:22 · HRH Minister of Energy at SGI · 2024-12-03 · مشاهدة عند هذا التوقيت

you did ask me about the Saudi show me any country you know we all have the indices and indices are to be delivered every 5 years show me any country that is willingly out of its own conscious decisions putting this event putting the Cup, the 16, the Cup 16 we did our fair share last year on the Mina week Cup ask yourself why did we do it well because we have a lot to show and we want to make sure that aside from our commitments with its own durations we want to put this event especially this Saudi green initiative to make sure that people can continue see us, our progress here in this country in a voluntary way because we are self-assured that every year we shall expose the world to new achievement new targets new approaches and we are not shy from gathering people to see it

[M154-15] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:15:21 · HRH Minister of Energy at SGI · 2024-12-03 · مشاهدة عند هذا التوقيت

we have been, we'll continue, and we shall continue breaching that the circular carbon economy is the only available methodology to my understanding that can deliver you the trilemma will have to place a great deal of emphasis again I was visited by my friend and by the way we had good pictures I'm going to put post it you know I was yesterday visited the you the new environmental commissioner of the EU just to give people a flavor of what is in the media and what is the reality check she was gracious enough to she was only in her job for the first day and she came yesterday and we had a good visit and we had a good thumb up picture so us friends from the UK just tell you how much we are blending and agreeing to so many things that we should do together without any hesitation and for that it could not have happened, if people were not seeing us delivering and I honestly believe I spent some time with our friends telling them that what them no matter what you do, be it circular carbon make your choice the one thing that that you should not make it an elective is energy security energy security energy security because without which you're in for a bad time and by the way you would not be able to secure the other two which is affordability and sustainability

[M154-16] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:17:19 · HRH Minister of Energy at SGI · 2024-12-03 · مشاهدة عند هذا التوقيت

people sometimes jump start in a wrong footing if you could call it making it too British, but that's the reality the reality check is that the three things have to go hand on hand, and it should not be compromised and compromising one of the things will lead you to forfeiting the other two especially, energy security people would say oh yes he's the Saudi Minister he preaching don't get go get rid of whatever it is transitioning away from hydrocarbon this is the reality check and by the way we're going through a phase now of a reality check phase I will have to say it again I was alone you remember when June 21 when I talked about that Net Zero scenario as being a la la land scenario well it took us three years to figure out that it's not only three a la la land scenario, it's actually a disruptive scenario, and it would take us another probably a couple of years three years to see people reconfiguring the thinking about really the between the reality check and the imagined or imagined think that never happened and can never happen

[M154-17] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:19:22 · HRH Minister of Energy at SGI · 2024-12-03 · مشاهدة عند هذا التوقيت

please spare us, we are barely we're barely surviving with that 2030, you know Prince Muhammad was interviewed in Fox News and they run um they wanted to do a prelude for that interview say they pushed us and shoved us to to do some interviews with ministers and I must say I was in Canada in September last year for your competitor petroleum council to have an interview, it went on for 20 minutes, and the funny part that the only thing that they enjoyed about that interview was a question that was flagged to me by saying if you had a question to Prince Muhammad what you would ask him and given the State of Affair that I'm into today I would still ask him the same question he said when is he going to leave leave us some time to sleep for at least 6 hours a day, so so be fair don't push the envelope a lot because but I know for certain that there will be a 2040 there will be a 2050, because it works because it works people are on their toes people are held accountable, people are want to deliver because they see that whatever they delivering is impacting their daily life is improving their lot, fundamentally it is doing it now but for their own children and their the children of their children so there is a kind of they are enabled so they have the sense of ownership they have the sense of being enabled and and ownership and there is therefore there there is the big thing which is very crucial which is the buying in and a society that does not buying in buy in where that future would be and feels that the society feels that they the society owns it would be a pity to to have to think that you could achieve things

[M154-18] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:22:13 · HRH Minister of Energy at SGI · 2024-12-03 · مشاهدة عند هذا التوقيت

the nice thing about it is is it trickles down so if I don't get to sleep for 6 hours, Amin doesn't get to sleep for 6 hours, Abd El-Rahman you know it's kind of a trickling down effect

[M154-19] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:22:30 · HRH Minister of Energy at SGI · 2024-12-03 · مشاهدة عند هذا التوقيت

you remember that movie Sleepless in Seattle, now we have Sleepless in Riyadh

[M154-20] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:22:48 · HRH Minister of Energy at SGI · 2024-12-03 · مشاهدة عند هذا التوقيت

and the world and the world petroleum Congress well

[M154-21] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:23:02 · HRH Minister of Energy at SGI · 2024-12-03 · مشاهدة عند هذا التوقيت

but we worked with that with you on that theme

[M154-22] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:23:23 · HRH Minister of Energy at SGI · 2024-12-03 · مشاهدة عند هذا التوقيت

next year we'll have three Themes in 2026 we will have it three themes we still will have the Saudi green initiative, we have your activity and the other thing that you don't want me to mention

[M154-23] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:23:41 · HRH Minister of Energy at SGI · 2024-12-03 · مشاهدة عند هذا التوقيت

and therefore and we're calling it we give we we work together on that name, because and by the way I still have a picture in 2019 in March, in September 2019 you were there when we had our Pavilion in Abu Dhabi, and we called it Saudi Arabia in transition so we own the word, sorry for those who claim that transitioning was their word, no I will tell it to my good friend John Kerry and Sultan jabber the word transition is mine

[M154-24] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:24:25 · HRH Minister of Energy at SGI · 2024-12-03 · مشاهدة عند هذا التوقيت

cause we are transitioning and if 1 million Barrel to be removed and to be substituted for gas and renewable, please show me any country in planet Earth that has done or be doing and you know and one other think we don't brag about it, Amin and I three months ago four months ago we've signed Aramco sign contracts of bordering 17 billion dollar on that big Mammoth gas pipeline system we're talking about an even more gas and more pipelines and more renewable, again I have to bang it again and I will bang it again, because I missed to a number when I was doing that interview in the FII and comparing what we're achieving will be achieving on renewable Vis-a-vis the UK, it's slipped me to not to say that the 44 Giga that we'll be signing on this by end of this year is actually 50% of the total capacity existent UK total capacity be it conventional and nonconventional so it's not comparing when I was comparing at the FII it was not renewable Vis-a-vis the renewable it is the total capacity of the grid in the UK Vis-a-vis be 44 giga uh now I have to I don't want to mention France because I will be upsetting to our friends from the UK so I refrain from using that

[M154-25] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:26:39 · HRH Minister of Energy at SGI · 2024-12-03 · مشاهدة عند هذا التوقيت

demand side management or demand

[M154-26] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:26:47 · HRH Minister of Energy at SGI · 2024-12-03 · مشاهدة عند هذا التوقيت

we have Tarshed. It’s a model for a company that can overhaul the entire government building, I have the CEO here, he's a terrible CEO, because he squeeze every penny from everybody, including the board he doesn't give us any bonuses, because his job, he says my job is to squeeze everything, so, he even squeezed the board what is here and it's an example company that operated now for 5 years and its saving is 2 Giga, 2 Giga is sufficient to take care of with respectively half of the peak consumption of Jordan

[M154-27] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:27:33 · HRH Minister of Energy at SGI · 2024-12-03 · مشاهدة عند هذا التوقيت

that was gone and waste, it's a profitable company it makes a lot of money so you know again I keep telling it, we are the only country in planet Earth that is making out money out of transition, why? because we are honest about our transition we don't do things without going through economics without feasibility study without and and even choosing solid Partners you know Patrick is here I have to command him in person and have to command Total for its commitment at all levels Total is a good example they're working with us on petrochemicals on gas stations on renewable and I just cannot name on delivering even other products here you if you look at what Total is doing and you will ask yourself what total is doing in Saudi Arabia probably I would I would say it's almost the same thing that you're doing in France uh Patrick , so we're inclusive too we're not you know locked in with this Mentra and mantal of being wanting to be the best and and without being partnering with we cannot be the best without partnering with everybody

[M154-28] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:29:34 · HRH Minister of Energy at SGI · 2024-12-03 · مشاهدة عند هذا التوقيت

I have to say it I am honored I I've been honored too many times, but I'm honored to if I can I always use the word to be part of a team of or an ecosystem that I work with I keep using the word I intentionally I use the word I work with because if it wasn't for the the the the men and women working in this ecosystem I wouldn't be sitting here proud of being representing this country or fulfilling my commitment to the leadership so the really true congratulation and thank is that for me I'm just here as an embodiment of the cluster but I owe to those people that we give them a good Round of Applause because they are the transition

[M154-29] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:30:54 · HRH Minister of Energy at SGI · 2024-12-03 · مشاهدة عند هذا التوقيت

Thank you