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October 3, 2017

Russian Minister of Energy Alexander Novak speaks about REW 2017 programme

Moscow, 3 October. – Russian Minister of Energy Alexander Novak spoke during a press conference at Russian news agency TASS about the business programme of the 'Russian Energy Week' Energy Efficiency and Energy Development International Forum (REW), which is taking place in Moscow and St. Petersburg on 3–7 October 2017.

Novak noted that REW will be held for the first time this year and will bring together roughly 5,000 participants. “We expect REW allow us to discuss the current situation on global energy markets, develop the appropriate solutions, and provide an opportunity for business representatives to network”, he said.

The minister stressed that the fuel and energy sector is a crucial link in the Russian economy, so it is important to provide a further stimulus to develop this segment. “REW will feature about 50 events in all areas of the fuel and energy sector. The key event of the forum will be Russian President Vladimir Putin’s participation. REW will also include a meeting of GECF ministers, a meeting of mayors from the cities of Russia and other countries, the presentation of awards to the winners of the MediaTEK contest, and Youth Day. We hope that in the future REW will become one of the main global platforms used to discuss the development of energy”, he said.

Novak added that about 30 ministers have confirmed they will take part in REW, including ministers from OPEC countries. “We will have an opportunity during REW to discuss current trends not only in a multilateral but also a bilateral format”, he said.

The GECF Ministerial Meeting will include a discussion about the development strategy for the global gas market as well as elections of the new Secretary General of the GECF.

The REW panel discussions will cover a wide range of issues. “For example, in the oil and gas industry, we will talk about import substitution and the prospects for developing extraction and processing. Several REW panels will be devoted to the power industry, in particular the production of new capacity, the decommissioning of outdated facilities as well as the development of renewable energy sources and modern technologies in energy storage. We will also discuss how the structure of the energy sector will change as a whole”, Novak said.