19th GECF Ministerial Meeting takes place on REW sidelines
Moscow, 4 October. – Russian Minister of Energy Alexander Novak chaired the 19th Ministerial Meeting of the Gas Exporting Countries Forum on the sidelines of Russian Energy Week 2017. The meeting was attended by representatives of Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago, the United Arab Emirates and Venezuela, as well as representatives of Azerbaijan, Iraq, the Netherlands, Norway, Oman, and Peru as observers.
The ministers reviewed a short-term report on the gas market as well as a long-term forecast and discussed the achievements, opportunities, and challenges facing the market today and in the future.
The delegation heads stressed the importance of universal adherence to the Paris Agreement and reaffirmed their determination to continue promoting natural gas as an affordable, reliable, and clean source of energy.
The Ministers approved a five-year work plan for the Forum during the meeting and also appointed State Secretary and Russian Deputy Minister of Energy Yury Sentyurin as the next Secretary General of the GECF for a two-year term starting in January 2018.
It was decided that the 20th GECF Ministerial Meeting would be held on 14 November 2018.
During a press conference following the GECF Ministerial Meeting, Minister of Energy Alexander Novak said: “The meeting agenda included 24 issues. We managed to reach compromise solutions on all the relevant issues and ensure the continued development of the organization in 2018. GECF countries, including observer countries, hold 73% of the world’s proven gas reserves, accounting for almost 60% of the global production and 62% of the export of this type of fuel”.
Novak stressed that the GECF makes a significant contribution to energy security and the progressive growth of the global economy.
13 September, Moscow. – Zurubezhneft General Director Sergei Kudryashov and RussNeft Chairman of the Board of Mikhail Gutseriev have confirmed they will take part in the Russian Energy Week forum. “The emergence of new discussion platforms such as the Russian Energy Week forum creates additional opportunities for business contacts and an exchange of opinions among specialists from various parts of the energy industry. I believe this is extremely important for the progressive development of business and the economy”, Mikhail Gutseriev said. Sergei Kudryashov will speak at the panel session ‘Improving the Efficiency of Oil Production: Responding to Challenges’. The discussion participants will discuss the specific features of introducing the latest methods of enhanced oil recovery, the process of developing hard-to-recover and offshore reserves as well as reducing dependence on suppliers of high-tech equipment as part of the import substitution initiative.
Secretary General of the International Energy Forum Sun Xiansheng has confirmed he will take part in the ‘Russian Energy Week’ Energy Efficiency and Energy Development International Forum in Moscow on 3–7 October 2017.