Mohamed Tarik

Growth & Strategy Director Europe & MENA

GE Vernova, Gas Power

United Arab Emirates

Growth & Strategy Director for GE Vernova Gas Power across Europe, the Middle East and North Africa. With more than 20 years of experience in the energy sector, he has held leadership roles spanning strategy, business development, commercial operations, marketing, and growth initiatives across power generation, utilities, industrial energy users, and the oil & gas industry. Drawing on a foundation in mechanical engineering and business leadership, Mohamed leads strategic planning and market intelligence efforts that help shape long-term growth strategies and investment priorities across diverse energy markets. His expertise includes power market dynamics, energy security, decarbonization, gas-to-power solutions, and localization strategies across emerging and developed economies.

Participates in

TECHNICAL PROGRAMME | Primary Energy Supply

Energy Supply and Demand Outlook: Navigating the Future
Forum 01 | Hall 10 - SAUDI ENERGY Technical Programme 3
12
October
14:00 15:15
UTC+3
The global energy sector is at critical crossroads, the energy demand is anticipated to increase approximately by 20–25% between 2022 and 2050, driven largely by population growth and economic expansion. Simultaneously, the sector continues to face significant challenges regarding energy security, affordability, and sustainability.

Renewable energy sources, mainly solar and wind, are expected to supply nearly 60% of global electricity generation by 2050, enabled by increased investment and falling technology costs. Despite the accelerated growth of renewables, the need for reliable, dispatchable power remains critical to maintain grid stability and meet peak demand. The paper will discuss about how natural gas fulfills this role as a flexible and dependable energy source, offering lower lifecycle greenhouse gas emissions compared to other fossil fuels and supporting integration of variable renewables.

The paper will discuss the possible transition to a lower-emission energy system that is supported by the expansion of carbon capture, utilization, and storage (CCUS), the adoption of hydrogen for industrial and power use, and renewed interest in nuclear energy through Small Modular Reactors (SMRs).

Geopolitical tensions, supply chain issues, and cost challenges continue to shape market dynamics. These present a complex range of challenges and opportunities for achieving climate goals and ensuring an affordable, sustainable, resilient energy future. A nuanced understanding of these trends is provided to the stakeholders as they navigate the evolving energy supply and demand outlook.

Co-author/s: Mohamed Tarik, Marketing Manager - Strategy & Growth Initiatives, GE Vernova I Loïc Desprez-Le-Goarant, Market Intelligence Leader, GE Vernova
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