Decarbonization in Energy. Siemens Energy to Present Key Energy Market Trends and Its Newest Solutions at REW
On 10–11 December 2020, Siemens Energy will present its newest decarbonization solutions at the Russian Energy Week.
Together with Siemens Energy, the Roscongress Foundation will host a business session entitled ‘Decarbonization as Major Trend and Prerequisite for Sustainability’. This business event will also offer an exhibition called ‘We fill our lives with energy. Let us change the future now!’, available in a hybrid online and offline format. The exhibition is organized by the Roscongress Foundation and Siemens Energy.
Participants of the event will address the most important questions facing the energy community today. What will be the energy system of the future? How to prepare for the future changes in the energy landscape? Why does decarbonization become so important? What is its role in the formation of the new energy system? What should be done today to remain competitive in the future?
The innovative format, which has never been seen before in the industry, will include fully immersive digital visualizations, allowing our experts to provide answers to these questions and more, explaining what underpins the trend for decarbonization and why it is so important with the help of the latest analytical data and graphical representations.
Live stream will be available at the official website of the Russian Energy Week at rusenergyweek.com/siemens-energy/.
A large-scale virtual 5D cinema in 360 degrees will offer participants of the Siemens Energy exhibition a feeling of total immersion, where they will learn about the latest technologies and cutting-edge solutions across the energy market though case studies of some of the world’s most outstanding projects.
The exhibition will be available in Pavilion 55 of VDNH. Participants must register at rew-registration.siemens.ru/booth/.
Siemens Energy stand will be available online during the event at rew-booth.siemens.ru/.
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Alexander Novak, Minister
of Energy of the Russian Federation, co-chaired the 9th meeting of the OPEC/Non-OPEC
Joint Ministerial Monitoring Committee.
The participants
reviewed the situation on the oil market and discussed possible further steps under
the agreement. The discussion touched upon the issue of allowed production
growth, as well as proposed regulating principles for OPEC/non-OPEC countries
cooperation after 2018.
The Head of the
Ministry of Energy outlined the main indicators of the Vienna Agreement
implementation success. According to the Minister, the Agreement execution by
OPEC and non-OPEC countries reached 147% in May. Since early 2017, OPEC+
members have managed to reduce the surplus of oil reserves by 380 million
barrels. “The market sees the success of our joint efforts to reduce the volume
of stocks and reacts positively,” emphasized the Minister.
According to
Alexander Novak, today we see the signs of a steady market balance, but it is
very important not to allow ‘overheating’ of potential petroleum shortage. “The
declaration we adopted in 2016 implies flexibility and aims to stabilize the
market. This means possible actions both in case of surplus and deficit,” the
Head of the Energy Ministry noted.
Following the
meeting of the extended monitoring committee, most of its participants received
recommendations to consider at an upcoming ministerial meeting of OPEC and the
subsequent ministerial meeting with the participation of non-OPEC
petroleum-exporting countries an increase of production of 1 million barrels
per day (from the current level), distributing this amount among the parties to
the agreement.
Source: minenergo.gov.ru
