Speeches 2005
Prospects good, challenges great – the state of the oil and gas industry
13/06/2005
Speech given by Jeroen van der Veer, Chief Executive of the Royal Dutch/Shell Group and President of Royal Dutch Petroleum Company to the Asia Oil and Gas Conference, Kuala Lumpur, 13 June 2005
Speech given by Jeroen van der Veer, Chief Executive of the Royal Dutch/Shell Group and President of Royal Dutch Petroleum Company to the Asia Oil and Gas Conference, Kuala Lumpur, 13 June 2005
The world will need much more energy and most of it will come from fossil fuels for the foreseeable future. To secure these supplies the industry must make the most of maturing reserves, develop new resources in more difficult conditions or from unconventional sources and greatly expand gas delivery chains. At the same time, companies will be expected to help find solutions to intractable environmental challenges. Effective carbon solutions will be needed, if the world is to continue enjoying the benefits of efficient fossil fuels. Doing all this will depend on maintaining the pace of investment in new capacity where the international industry has a vital role on delivering the benefits of innovation, and on integrating global strengths particularly those of national and international companies to drive advances everywhere.