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MIL OSI Translation. Region: Russia –

Source: Russia Ministry of Energy

Abu Dhabi (UAE), September 10. – Deputy Minister of energy Anton Inyutsyn spoke at the plenary session of the Eighth Asian Ministerial round table “Energy security in an era of change”, which was held in the framework of the 24th World energy Congress.The meeting was also attended by the Minister of energy industry of the UAE Suhail al-mazroui, the oil Minister and gas of the Republic of India Dharmendra Pradhan, General Secretary, International energy forum sun Sansen.”We live in a time of rapid technological change. The development of the world energy market is accompanied by the rapid development of technology. Interest in the energy industry for technology confirmed by the fact that the volume of financing transactions for start-UPS largest oil and gas companies in 2017 was the highest in history”, – said Anton Inyutsyn in his report.According to him, Russia is also actively responding to new trends – stimulates the development of stranded oil reserves on the continental shelf, including the Arctic, to develop the export of energy technologies that already have a good start. “Intense energy agenda and new challenges have to integrate the country and business,” he said.

Anton Inyutsin told about the principle of joint development of various modern technologies and motor fuels subject to their availability and ecological compatibility in different countries.”In our opinion, it is necessary to prepare for a palette of technologies, where the competition will be a living process. Will develop oil and gas, and renewable energy, nuclear energy and hydrogen,” added the Deputy Minister.Deputy energy Minister also stressed that over the past 50 years natural gas has made environmental revolution in the world market of production of electrical energy. The use of natural gas as a motor fuel will play the same significant role in improving the environment and deterring climate change in the coming decades.”Natural gas is one of the most promising hydrocarbon resources in the twenty-first century, especially given the current volume of reserves, environmental friendliness, relative safety to the environment, a variety of forms of transportation and methods of use,” he added.

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EDITOR’S NOTE: This article is a translation from Russian Language to English.

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