The Middle East continues to be a mess in every way, former Defense Secretary Ash Carter said during a KPMG webinar on Sept. 30. But in the energy sphere, with a few exceptions, China is the pivotal player and the Middle East is yesterday’s news, said Carter and other experts on a separate recent CERAWeek by IHS Markit webinar.

“In the great scheme of things, the future belongs to North America, Europe, Asia and Latin America, and the Middle East doesn’t count,” Carter told Regina Mayor, KPMG’s global and U.S. head of energy and natural resources.

Which is not to diminish the importance of U.S. engagement in that part of the world, particularly in respect to containing terrorism, Carter said. But in global energy geopolitics, the U.S. and Middle Eastern nations have turned their attention toward China, experts on a CERAWeek by IHS Markit webinar said.

Already have an account? Log In

Thanks for reading Hart Energy.

Subscribe now to get unmatched coverage of the oil and gas industry’s entire landscape.

Get Access