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Baku/16.07.21//Turan: On July 15, SOCAR and the French Technip Energies signed an Agreement on Cooperation in the Development of Sustainable Energy in Offshore Fields. The document was signed by SOCAR President Rovnag Abdullayev and Chairman of the Board of Technip Italy S.p.A. Marco Villa.
Within the framework of the agreement, opportunities for sustainable development will be explored to improve energy efficiency in offshore oil and gas operations, save overall business costs, and reduce carbon emissions, SOCAR's press service said.
According to the information, the possibility of joint implementation, without additional obligations, of a pilot project for the construction of a floating wind farm in the sea and the supply of energy to oil and gas operations with its help will be assessed.
"Currently, oil and gas production in the Caspian Sea mainly uses electricity generated from natural gas. One of the main goals of the feasibility study and pilot project is to determine the prospects for the supply of alternative energy for the oil and gas industry of Azerbaijan, to reduce the consumption of natural gas and an increase in its exports," the company notes. –0-
Energy
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"We need an agreement on a new ambitious climate finance goal here in Baku. Through various components, this goal should mobilize the funding necessary for developing countries," United Nations Secretary-General António Guterres stated at a media briefing at COP29 on November 21.he said.
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A balanced energy transition is key to global sustainability, said Haitham al-Ghais, Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), in his speech at a high-level meeting during COP29. He emphasized the continuing importance of oil and gas in meeting global energy needs, calling for a balanced and inclusive approach to the energy transition.
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Natural gas currently satisfies 23% of global primary energy needs, said Mohammad Hamel, Secretary-General of the Gas Exporting Countries Forum (GECF), at the COP29 summit. He emphasized the indispensable role of natural gas in the global energy landscape, noting its contribution to economic growth, environmental sustainability, and food security.
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The European Union (EU) has warned participants at the 29th UN Climate Change Conference (COP 29) in Baku that any backsliding on the commitments made last year at COP 28 in Dubai regarding the transition away from fossil fuels would be unacceptable. The EU insists that a similar commitment be included in the final decisions of this year’s conference.
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