The Congress in Istanbul: the oilers put on the gas

The Congress in Istanbul: the oilers put on the gas

ISTANBUL, July 13. /offset. Julia Hasegawa TASS/. World petroleum Congress completed its work. In the Turkish capital the heads of the major mining companies discussed the future of the industry. If you believe the predictions of some of them, all of the global problems of the oil industry in the future will solve the gas.

Themes are the most significant oil industry summit, which takes place every three years, was devoted to the future (Bridges to the Future). Therefore, neither on the scene nor on the sidelines almost never talked about oil prices, volatility, and even the Paris climate agreement. Ministers and industry leaders talked about the role of technology, availability of energy resources and reducing the impact of industrialization on the environment.

As formulated by the head of BP, Robert Dudley, speaking at one of the sessions, the industry faces two main challenges. “The first is the need to ensure the world so much energy like never before, though on a very competitive market. The second challenge – the need to reduce carbon emissions more than ever before. These issues are no quick solutions,” he said.

A colleague of Dudley, the head of the Anglo-Dutch Shell, Ben van beurden, warned the audience about what the increased population will lead to unprecedented growth in energy demand. “The question is, what will be the energy demand by that time (the end of the century, when the population will increase from the current 7.5 to 11,2 billion people)?”, – he reasoned.

“In Asia, for example, the population will exceed 7 billion, and energy demand will double,” said van beurden. However, according to him, the main demand is concentrated not in Asia, population growth in which the new century will slow. “The real story will not happen here and in Africa. Of the 3.6 billion of the new world population of 3.2 billion will live in Africa,” said the head of the Shell.

Clean, green and cool

According to Dudley, renewable energy sources, whose share in today’s energy mix does not exceed 3%, will not alone solve the problems of the industry. “Alternative sources of energy are developing very rapidly. But even if the trend continues, by 2035, their share is unlikely to reach 10% in the global energomiks” he said.

“So the goal is to reduce emissions cannot rely solely on renewable energy. The key in creating a low-carbon future is gas,” he concluded.

About the role of gas in building affordable and low-carbon energy at the petroleum Congress, said the head of the Indian delegation. Oil Minister Dharmendra Pradhan predicted that gas demand in its fast-growing nation will increase threefold by 2040. According to him, India, which is currently third in the world in terms of energy consumption, intends to develop and own gas production. To this end, the government recently approved a new system of licensing in subsoil use. “We will increase investments in gas production, especially in the East of the country. India hopes to raise the share of gas in energy consumption from 6% to 25%”, – he said.

To meet the growing needs of India in Gaza, and with it the whole of Asia during the panel discussions was called Iran. “Mr. Dudley spoke about the importance of gas in the energy mix. Now, Iran is a country which has the largest gas reserves in the world, and its proximity to India, China, where is concentrated the highest demand,” – said Deputy Minister of oil of the Republic of Amir Hossein Zamaninia. He said, “Iran intends to play an important role in the future energy market, especially in the global gas market.” Zamaninia announced the forecast, according to which Iran will increase gas production by 2021 and 1.7 times from the current 800 million cubic meters – up to 1,365 billion cubic meters per day.

Finally, the two heads the world’s largest oil companies – Saudi Aramco and ExxonMobil, has announced plans to increase investments in gas production. Thus, the Executive Director of the Saudi company Amir Nasser announced that the company will invest $3 billion in maintaining oil production and the development of new gas fields in the next ten years. “Gas is an effective way to fight global warming climate,” – said the head of the American company Darren woods and also promised to increase investment in gas and alternative projects.

Summary of discussions on gas brighter all failed Zamaninia. “To me, he said that future energy should be clean, green and advanced (clean, green and cool). I really don’t really know what is cool, but I like this power”, – he said, prompting thunderous applause in the hall.