Guardians of the energy markets gather in Bangkok
Sir Tony Blair knows what happens when energy, politics and the Middle East collide. He entered Downing Street in 1997 with oil below $20 a barrel and left a decade later with it averaging around $70-$75 – three consecutive election wins bracketing a nearly fourfold rise in the price of energy. The morning he resigned, he became the Quartet’s special envoy to the Middle East, a post he held until…
Former British Prime Minister Sir Tony Blair is set to join a gathering of energy industry leaders in Bangkok this week. Blair's tenure as the Quartet's special envoy to the Middle East from 2007 to 2015 provided him with unique insight into the energy market's recent volatility. He will join the heads of gas at ExxonMobil, Shell, Eni, Adnoc, and Chevron for a panel discussion on the future of global energy markets.
The region is currently experiencing a significant crisis, with Asian gas prices increasing nearly 15% in the past month and more than doubling over the past year. The Strait of Hormuz, which carries almost one-fifth of the world's LNG, has been a focal point of the crisis, with Iran's closure of the strait causing significant economic repercussions for countries such as Pakistan, Thailand, and China.
As the panelists discuss the long-term implications of the crisis, questions arise about the future of global energy markets and how countries can adapt to the changing landscape.
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