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GECF Takes Part in Saint-Petersburg International Economic Forum – SPIEF 2019

 Saint-Petersburg

On June 6-8, the 2019 edition of a key economic event, the Saint-Petersburg International Economic Forum (SPIEF) took place in the Russian Federation - one of the GECF founding Member Countries. SPIEF 2019 was held under patronage of the President of Russia Vladimir Putin, and was attended by the President of China Xi Jinping, the President of Bulgaria Rumen Radev, the Prime Minister of Armenia Nikol Pashinyan, the Prime Minister of Slovakia Peter Pellegrini, the United Nations Organization delegation, headed by its Secretary-General Antonio Guterres, energy ministers and CEOs of major industry’s players.

This year edition of the Forum under the theme of "Establishing the Agenda for Sustainable Development" has played host to over 19 000 attendees from 145 countries, which exceeded the previous record. Major economic issues concerning the Russian Federation, emerging markets and the world as a whole are also discussed during more than 170 business events. During these 3 days as many as 650 investment agreements were concluded.

The event business programme was in particular focused on the development and modernization of the energy sector. Due to this the Gas Exporting Countries Forum was represented at the Forum by HE Secretary General Dr. Yury Sentyurin in accordance with the Forum Strategic Objectives, fixed in the Long-Term Strategy and 5-years Working Plan, and in continuation of the practice to attend the Member Countries’ key events. 

The first SPIEF working day kicked-off with the Energy Panel, where its participants – CEO of Rosneft Mr. Igor Sechin, Venezuelan Vice President Tareck El-Aissami, Russian Minister of Energy HE Alexander Novak, Minister of Finance of Qatar H.E. Ali Shareef Al-Emadi, and others – exchanged views on the leading role of hydrocarbons in the energy sector over the next 20 years. 

“Demand for energy will grow at a rate of 1.5–2% per year until 2040. Gas demand will grow by 2% per year. Demand for oil will grow steadily at around 1% per year. Its role as the foundation of modern energy will remain central”, Rosneft CEO Mr. Sechin said. Russian Minister of Energy Alexander Novak stressed, that today “we see a growing role for gas”. 

The speakers also shared their goals and accomplishments under the United Nations’ 2030 Sustainable Development agenda. Venezuelan Vice President Tareck El-Aissami added, that the industry “has to create a platform for cooperation between producer and consumer countries ensuring the sustainable development of the markets”.

After participating in the Energy Panel GECF Secretary General met with Venezuelan Vice President Tareck El-Aissami and People's Minister of Petroleum Energy Manuel Quevedo, who is the President of upcoming GECF Ministerial Meeting, to inform on the Forum insightes and the current stage of preparations to the 5th GECF Summit, the 2nd International Gas Seminar, Ministerial Meeting.

Secretary General also held talks with Russian Energy Minister Alexander Novak and Russian EB Member Alexey Gospodarev, during which further expansion of the GECF’s activities was discussed. 

The upcoming Meeting of G20 Energy Ministers in mid-June as well as the GECF’s performance under the G20 Energy Transitions Working Group became a subject for discussion with Ms. Svetlana Lukash, Russian G20 Sherpa. Ms. Lukash highlighted foremost position of the gas industry in climate actions and expressed positive approach to the Forum’s proactive stance towards sustainable development.

On the sidelines of the Forum Secretary General Dr. Sentyurin also held a chain of working meetings with its participants. Among His Excellency’s vis-à-vis were Gazprom CEO Alexey Miller, the company’s Head of the Board of Directors Viktor Zubkov, and Deputy Chairman of the Management Committee Vitaly Markelov. Increasing the ongoing cooperation with the GECF was discussed with CEO of Novatek Leonid Mikhelson, CEO of Gazpromneft Alexander Dyukov, and First Vice President of Gazprombank Natalya Tretiak.

Zooming in on the GECF’s latest initiatives and projects Dr. Sentyrin also held numerous working talks, in particular with heads of several Russian regions, among them Head of the Republic of Dagestan Mr. Vitaly Vasiliev, Governor of Chelyabinsk region Mr. Alexey Teksler, and Mr. Vitaly Limarenko, Governor of Sakhalin region, which is a host for the first Russian LNG plant. 

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GECF Takes Part in Saint-Petersburg International Economic Forum – SPIEF 2019  Saint-Petersburg
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