Russian Energy Week

Conclusions of the session ‘Dialogue among International Energy Organizations: Outlook for Energy and Global Markets’:

“The energy transition is definitely gaining momentum. And this is happening all over the world. We can see that the climate change agenda, the development of new technologies and their accelerated introduction, the more active use of renewable energy sources, and the emergence of new energy carriers are becoming increasingly relevant everywhere. These are all trends that are shaping the current energy agenda. Despite the pandemic, 2020 has set a number of defining trends for the future. On the one hand, we can see that electricity generation from renewable energy sources is being used more actively. It has reached record levels. We can also see that the political agenda is now gaining momentum. To date, some 50 countries, including EU nations, have declared their goal of achieving zero emissions in the foreseeable future,” Association of European Businesses (AEB) CEO Tadzio Schilling said.

“The world is in need of energy and energy resources for the foreseeable future. We are seeing a recovery from coronavirus, which has already begun in 2021. We’ve already reached the bottom and now there’s nowhere to go but up. The trajectory has been set and we are definitely ascending. In our forecast to 2025, we state that the global economy will double. So it’s quite obvious that if we already have such demand for energy, clearly by 2025, if the global economy doubles, it would be logical to assume that demand for energy will continue to grow accordingly since the world needs more energy. Energy is now practically equivalent to development,” Organization of the Petroleum Exporting Countries (OPEC) Secretary General Mohammed Sanusi Barkindo.

“Natural gas has very good prospects. Despite what’s going on with prices now, we believe that this resource is accessible both in terms of volumes and price […] We view natural gas as an affordable, flexible fuel that is loyal to the natural environment […] By 2005, natural gas consumption will be about 5.6 trillion cubic metres, a 46% increase compared with today’s consumption volume. So, natural gas consumption will grow, and accordingly, its production will increase [...] We believe renewable energy sources will somewhat outperform natural gas. In the aggregate, though, the synergy of renewable energy sources and natural gas will cover 90% of primary energy consumption and primary energy demand,” Gas Exporting Countries Forum (GECF) Secretary General Yury Sentyurin said.

“There are encouraging signs that energy is becoming more sustainable. The provision of access to electricity in poorer countries is accelerating. However, greater attention needs to be paid to expanding access to clean and safe fuels […] There is also a huge inequality in the supply of energy between different countries. The gap in per capita consumption of energy resources is as much as 100 times for electricity. For 80% of the world’s population, energy consumption per person is still below the level at which a further increase in energy consumption does not lead to a noticeable increase in the human development index,” said Alexey Kulapin, General Director of the Russian Energy Agency of the Russian Ministry of Energy.


Source: https://rusenergyweek.com/en/news/dialog-mezhdunarodnyh-energeticheskih-organizatsij-prognozy-ra-zvitija-energetiki-i-globalnyh-rynkov/