Demand for oil and gas will continue despite decarbonisation: Saudi energy minister

Demand for oil and gas will continue over the long term despite a shift towards sources of decarbonised energy, Saudi Arabia's Minister of Energy, Mining & Mineral Resources, Khalid Al-Falih.

Saudi Aarabia' oil minister and chairman of Saudi Aramco Khalid A. Al-Falih arrives as Crown Prince Mohammad bin Salman meets Britain's Prime Minister Theresa May in Downing Street in London, March 7, 2018. (Photo: Reuters)

LONDON: Demand for oil and gas will continue over the long term despite a shift towards sources of decarbonised energy, Saudi Arabia's Minister of Energy, Mining & Mineral Resources, Khalid Al-Falih, said on Thursday.

"The world is moving to decarbonised energy but oil and gas will continue for as long as many of us will live," he told a conference in London. He said executives attending the event should "like it and accept it and work with it".