24th World Energy Congress
His Excellency Secretary General Dr. Sentyurin took part in the 24th World Energy Congress (WEC) in Abu Dhabi from September 9 to September 12.
The WEC is the world’s leading energy gathering and flagship event of the World Energy Council - with over 15,0000 participants from more than 150 countries. Taking place once every 3 years in a different country, the event examines every facet of the energy agenda and brings together 70 ministers, 500 CEOs as well as industry representatives and policy makers, with the objective to tackle energy issues in an international context.
This year’s edition, held under the patronage of His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the United Arab Emirates, carried the theme “Energy for Prosperity” and was opened by His Excellency Suhail Al Mazrouei, UAE Minister of Energy and Industry.
GECF Secretary General Dr. Sentyurin spoke at the Plenary Session ‘New Regional Perspectives: The Role of Gas in the Transition to a Lower Carbon Economy in the MENA Region’, alongside H.E Tarek El Molla, Minister of Petroleum and Mineral Resources of The Arab Republic of Egypt, Olivier Le Peuch, CEO of Schlumberger Limited, and Gerald Schotman, EVP Joint Ventures for Royal Dutch Shell, amongst others.
Dr. Sentyurin approached the topic of supply and demand of natural gas in the MENA region. In terms of the region’s gas production, he highlighted that in 2018, there was a remarkable rise of more than 45 bcm, mostly driven by GECF countries including Iran (19.3 bcm), Egypt (9.7 bcm), Oman (3.7 bcm) and Qatar (3.1 bcm). Looking at future prospects for the region, he mentioned that the results of GECF modelling indicate that the overall demand in MENA countries will grow and that the region is projected to account for as much as 17% of global gas demand by 2040. As for production, 400 bcm of annual gas production is set to be added by 2040 in the region.
When talking about industry challenges, he pointed out that the gas industry, including in GECF countries, will look seriously at efficient ways to tackle these, particularly by adopting the best practices and promoting efficient technologies. In this light, he mentioned the establishment of the GECF Gas Research Institute, underlining that the institute will support technical innovation and development of technologies, especially the ones that reduce the environmental effect due to the supply and utilization of natural gas.
In conclusion, he remarked the GECF Secretariat’s work in establishing the ‘Environmental Actions Framework’, which aims at creating a supportive and collaborative platform. It allows the GECF to promote and strengthen the sustainable image of natural gas; share the best practices on how to deal with environmental challenges; build capabilities in dealing with environmental and climate issues and establish progressive research collaborations between the GECF and different actors and organizations on various environment-related topics.
The event came to a close with a plenary session entitled ‘Reflections on the Week: Energy for Prosperity’, headed by His Excellency Alexander Novak, Minister of Energy of The Russian Federation and His Excellency Suhail Mohamed al Mazrouei, Minister of Energy and Industry, United Arab Emirates.