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Saudi Arabia will continue to meet global energy supply needs under all circumstances, Energy Minister Prince Abdulaziz bin Salman said Sunday as the kingdom hosted the 17th International Energy Forum Ministerial Meeting in Riyadh.
The meeting, co-hosted by Italy and Nigeria under the theme “Energy Security and Shared Goals in a New Era,” took place amid regional tensions and disruptions to energy markets following the U.S.-Israeli war against Iran and renewed Houthi attacks on Saudi Arabia.
Prince Abdulaziz said Saudi Arabia had demonstrated its ability to maintain reliable energy supplies, continue investing and respond to changing circumstances and challenges.
“No one can break our resolve. We are like a phoenix, rising from the ashes every time, again and again,” he said.
He described Riyadh as “the capital of energy security” and said Saudi Arabia would continue fulfilling its commitments regardless of circumstances.
Prince Abdulaziz said the East-West Pipeline was a strategic part of Saudi Arabia’s energy system, providing an alternative route for oil supplies to reach global markets through Yanbu on the Red Sea coast.
On Oct. 6, he said the kingdom was pumping 5.8 million barrels of oil per day through the pipeline, the first official announcement of its operating level after it had been temporarily shut following attacks several weeks earlier.
The minister said energy security was an international responsibility requiring cooperation and coordination among countries.
“Ensuring energy security is a shared responsibility that no single country can fulfill alone,” he said.
He added that energy security was a central pillar of economic stability and sustainable growth and that weakening it could put economies and competitiveness at risk.
Saudi Arabia follows a broad energy strategy covering oil, natural gas, renewable energy, nuclear power and geothermal energy, he said.
Italy’s Environment and Energy Security Minister Gilberto Pichetto Fratin, Nigeria’s Minister of State for Petroleum Resources Heineken Lokpobiri and International Energy Forum Secretary-General Jassim Isa Al-Shirawi attended the meeting, along with energy ministers, industry leaders and heads of international organizations.
Participants expressed solidarity with Saudi Arabia following attacks targeting civilian infrastructure and said holding the ministerial meeting in Riyadh demonstrated the kingdom’s resilience and a shared commitment to cooperation.
The International Energy Forum, whose secretariat is based in Riyadh, described its ministerial meeting as the world’s largest gathering of energy ministers and a major platform for dialogue between energy-producing and energy-consuming countries.
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