The Russian Energy Week International Forum (REW) has started today, on October 13, in Moscow, and will last until October 15, featuring high-profile government officials and business executives, including the Russian President, the Saudi Arabian and UAE energy ministers, and the OPEC secretary-general.
‘The efficiency of energy production and consumption is the most important factor in the growth of national economies and has a significant impact on people’s quality of life. Many countries have already adopted policies to accelerate the development of clean energy technologies. The Forum business programme is therefore set to look in detail at the possibility of developing green energy based on renewable sources and the transition to new, more environmentally friendly fuels,” Putin said.
According to the information partner of the forum, RIA Novosti, the President also noted that the country is a responsible member of OPEC+ and expects that the alliance’s oil agreement will be valid until the end of 2022.
“Russia is a responsible member of OPEC+. We proceed from the fact that the agreement will be valid until the end of the next 2022,” Putin stated.
As specified, apart from Putin, the session’s participants include the President of Angola Joao Lourenco, Chairman of the Board of Management of Daimler AG and Mercedes-Benz, Ola Kallenius, BP CEO Bernard Looney, TotalEnergies Chairman and CEO Patrick Pouyanne, as well as Exxon Mobil Chairman and CEO Darren Woods.
Also, among the Wednesday participants to discuss green policies are Germany’s state secretary at the Federal Ministry for Economic Affairs and Energy, Andreas Feicht, the managing director of the German Energy Agency, Kristina Haverkamp, listed among the participants, Russian Energy Minister Nikolay Shulginov and Brazilian Mines and Energy Minister Bento Albuquerque.
Tomorrow, on Thursday, the Saudi Arabian Energy Minister Prince Abdulaziz Bin Salman Al Saud and his UAE counterpart, Suhail Mohamed Al Mazrouei, will take part in a panel discussion on the future of oil, gas, and coal in case the global transition to alternative energy sources is done. Other participants will include OPEC Secretary-General Mohammad Sanusi Barkindo, Russian Deputy Prime Minister Alexander Novak, and Indian Steel Minister Ram Chandra Prasad Singh.