New risks reshape the global energy security landscape

Global energy security is being reshaped by an array of new risks. Senior executives, policymakers, diplomats and international experts gathered in Doha for the Al-Attiyah Foundation's third CEO Roundtable, which examined how to build resilient energy systems amidst multiple threats. Moderated by broadcaster Nawied Jabarkhyl, the discussion featured insights from UN expert Michael Williamson, Columbia University scholar Anne-Sophie Corbeau, Rice University's Jim Krane, and Rystad Energy's Jan-Eric Fähnrich.

The panelists highlighted the interconnected nature of risks, which now include cyberattacks, extreme weather, geopolitical conflicts, shipping disruptions, and fragile supply chains. These threats have expanded the scope of energy security beyond mere supply availability to encompass the resilience of physical and digital infrastructure, access to critical resources, and the ability to withstand compound risks.

For instance, a geopolitical crisis can simultaneously disrupt shipping, raise insurance costs, and trigger cyber threats. Extreme weather events can damage infrastructure while simultaneously increasing electricity demand.

Cybersecurity emerged as a critical concern, as energy companies' increasing reliance on digital systems makes them vulnerable. A failure in one digital component can swiftly impact physical operations, trading activities, and essential services. The panel also discussed how climate change is putting pressure on energy infrastructure through heatwaves, floods, storms, wildfires, and water scarcity.

These events highlight the necessity of incorporating climate resilience in infrastructure design, maintenance, emergency response, and long-term investment planning.

Dr Saud Bin Abdullah Al-Attiyah, Chairman of the Foundation, emphasized that energy security is now about managing a complex mix of geopolitical, technological, environmental, and commercial risks. The roundtable aimed to provide leaders with practical strategies for enhancing resilience while maintaining affordability and advancing sustainability. By fostering open and informed dialogue, the Al-Attiyah Foundation seeks to support the development of adaptable energy systems that can reliably meet societal needs.