As part of the XXVII SPIEF, leading experts and representatives of large energy businesses from different countries spoke at the Energy Panel. They discussed the failure of 90s-style globalization, the dark underbelly of «green» transition and processes of changing the structure of the energy market. The panel guests commented on the report of the head of Rosneft. Igor Sechin and confirmed the high role of domestic oil in the global economy, despite restrictions and pressure from the West.
Photo: Pixabay.com. < p>In his speech, CNPC Vice President Zhang Daowei said that today there is an acceleration of previously unprecedented processes in the world, which have brought a number of changes to global geopolitics and economic activity.
“Following a new round of scientific and technological revolution, a radical restructuring and transformation of its structure has begun on the energy market,” – Daowei said. He also noted that the share of fossil fuel sources in primary consumption is at 80%. Taking into account the energy transition and within the framework of scientific and technological progress, the world's growing energy needs can generally be met.
He confirmed the conclusions of Sechin's key report and added that, as part of the overall movement towards an energy transition, the correct response to such challenges is a commitment to the joint coordinated development of traditional and new types of energy, with respect for the characteristics and capabilities of countries. Oil and gas will remain for a long time a reliable basis for a number of states to increase their competitive capabilities, as well as for a key area – ensuring energy security.
Venezuela's Vice President for Industrial Economics, Jose Felix Rivas, noted that globalization, as it looked in the 90s, and the ideology of free trade have failed.
«We see that sanctions – this is a new form of limiting the production potential necessary for the development of countries,” – he said, adding that under the pretext of a “green energy transition” construction of a “green” building is being implemented. neocolonialism.
“As for the “green” economy, or this “green” extremism – the only thing green there is “green” dollar. This is a form of maintaining dominance and one’s hegemony,” – The Vice President of Venezuela is confident and proposes to act together in the current situation.
In turn, the Chairman of the Board of Directors of Advantage Energy Martin Waiviorovski agreed with the thesis from the report of the head of Rosneft. about the lack of investment in new projects in the global oil and gas industry. Moreover, all this is happening at a time when global demand for oil continues to grow.
«Demand is determined primarily by the growth in consumption from the Global South. And as a result of a lack of investment in priority areas, as well as a reduction in exploration activity, we are seeing a decline in production. This primarily applies to countries that are not members of OPEC,” – Vaiviorovski summed up.
General Director of JSC «OFS Technologies» David Gadzhimirzaev believes that the innovative potential of the Russian oil industry is high and despite sanctions restrictions and pressure from the West, the task of increasing the production of high-tech equipment will be completed. For the development of the industry, cross-industrial collaboration between oil service companies, metallurgical and electronics manufacturers is necessary.
“The country has all the resources for this – it's the most important. Therefore, I would like to emphasize that, despite the sanctions restrictions, despite the pressure from the West, we will complete this task,” – said Gadzhimirzaev.
Chairman of the Supervisory Board of the Japanese government's non-profit initiative for the development of low-carbon technologies, Nobuo Tanaka, called for increasing the use of LNG, developing and actively applying carbon capture and storage technologies, which are of great importance for the energy transition.
< p>Recall that the event was attended by Vice President of the China Petroleum National Corporation (CNPC) Zhang Daowei, Vice President of Venezuela for Industry Economics Jose Felix Rivas, Chairman of the Board of Directors of Advantige Energy Martin Waiviorovski, Chairman of the Supervisory Board of the Japanese Government's non-profit initiative for the development of low-carbon technologies Nobuo Tanaka and General Director of JSC «OFS Technologies» David Gadzhimirzaev. The moderator of the session was Alexander Dynkin, Academician of the Russian Academy of Sciences and President of the Institute of World Economy and International Relations of the Russian Academy of Sciences.