Menatsa Energy Split in 2022 by Sources
01 October 2024•
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By the end of 2022, in the Middle East, North Africa, Turkey, and South Asia (MENATSA) Region, renewables accounted for just 15.8% of the region’s energy mix.
The vast majority, 84.2% is still driven by non-renewable sources; this is due to the region being home to some of the highest quality oil and gas reserves, with some of the lowest production costs. This means that many of the OPEC countries in the region, have been less incentivized than their global counterparts to transition to oil, from a commercial perspective.
That said, many countries such as the United Arab Emirates and Saudi Arabia have announced large-scale renewable projects, and have been working on long-term national strategies that will help these countries diversify their economies away from being oil-dependent.
In terms of renewable energy mix, countries such as Turkey, Pakistan and Jordan lead the renewable energy charge, producing 42%, 29% and 23% renewable energy mix, respectively.
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