Maxime has over 20 years of experience in the oil and gas industry. Prior to joining KAPSARC, he supervised economic analyses and energy market forecasts in a large national oil company. Also, as a senior economic advisor at the French Embassy in the U.S., he facilitated alignment work between French government representatives and U.S. counterparts. Maxime headed the Petroleum and Management Master’s degree at the French Petroleum Institute and was lead consultant for eBusiness at Ernst & Young. He has contributed to the Future of Natural Gas in Saudi Arabia project since October 2017. Maxime is also an associate professor in economics at IFP School, France, and an associate investigator at ORDECSYS, Switzerland.
Natural gas is already playing a prominent role in diversifying Saudi Arabia’s power mix away from a heavy reliance on oil-based fuels. Between 2010 and 2017, the share of natural gas used in power generation in Saudi Arabia grew from 44% to 54%. The country’s gas fields are being developed to increase domestic gas supplies. However, imported liquefied natural gas (LNG) could remedy the near-term scarcity of gas from domestic sources and provide the support needed to integrate more renewable and other alternative sources of energy into the country’s power mix. Developments in global gas markets in recent years, including procurement and technological innovations in LNG, have unlocked value for producers and consumers.2nd September 2019