2024-06-06 14:33:47
The primary day of the twenty ninth Baku Vitality Discussion board has ended.
As Day.Az reported on Wednesday with regards to Pattern, on June 5 and 6, the twenty ninth Baku Vitality Discussion board, probably the most necessary occasions within the Caspian area within the power sector, is being held on the Baku Congress Heart, constructed in accordance with the environmental idea, as a part of the Baku Vitality Week.
The Baku Vitality Discussion board is supported by the Ministry of Vitality of the Republic of Azerbaijan, and the State Oil Firm of the Azerbaijan Republic (SOCAR) is the primary accomplice of the occasion. For the primary time, the discussion board is being held with the help of OPEC.
Greater than 600 delegates participate within the discussion board. Along with Azerbaijan, the discussion board may even be attended by representatives of Australia, Austria, Belarus, Belgium, Bulgaria, Nice Britain, Hungary, Georgia, Israel, India, Italy, Kazakhstan, Qatar, China, Latvia, Monaco, the Netherlands, Norway, UAE, Russia, Romania , Saudi Arabia, Slovenia, USA, Uzbekistan, Ukraine, Finland, France, Czech Republic, Switzerland, Sweden and Japan. This 12 months the discussion board program features a file variety of audio system (81).
The agenda of the discussion board will embody power points which can be necessary for each Azerbaijan and the whole Caspian area. The primary agenda objects concern the consideration and financing of power safety, power transition and inexperienced power tasks.
The 2-day occasion will focus on subjects resembling “Worldwide cooperation to make sure power safety and sustainability”, “Vitality safety 2.0”, “Exploration and manufacturing within the Caspian area”, “Improvement of sustainable power: the potential of inexperienced power within the Caspian area”, “New applied sciences and digitalization”, “Gasoline dialogue: the position of gasoline provide within the context of the power disaster”, “Oil flows: cross-logistics and infrastructure improvement in Azerbaijan” and “The position of human capital in a profitable power transition”. As well as, in view of the upcoming COP29 convention, the Baku Vitality Discussion board program additionally features a particular session on “Empowering the Inexperienced Agenda: Methods for Attaining Inexperienced Planet Progress and COP29.”
As Azerbaijani Vitality Minister Parviz Shahbazov stated, throughout COP29 in Baku the outcomes of the primary open worldwide tender introduced in April for the development of a 100 MW solar energy plant in Gobustan will turn out to be identified.
He recalled that on June 4, Masdar and SOCAR tasks with a complete capability of 1 GW value one billion US {dollars} had been launched in Baku, and by 2027, the capability of “inexperienced” power within the general power steadiness of Azerbaijan shall be 33 %.
“We’re additionally discussing with Acwa Energy the creation of power storage programs. As well as, we’ve got undertaken worldwide obligations to export inexperienced hydrogen,” the minister emphasised.
He talked about that by the top of 2024 a feasibility research on the hall for the supply of “inexperienced” power to Europe from Azerbaijan (wind farms within the Caspian Sea) shall be prepared, and the workplace of the corresponding three way partnership will function in Bucharest.
Hungarian Minister of Overseas Affairs and Commerce Peter Szijjártó, in flip, emphasised that it’s essential to develop infrastructure, together with supply routes, in an effort to diversify gasoline sources.
“We should develop infrastructure, together with supply routes, to diversify our power and gasoline sources. We in Europe are underneath vital strain to diversify. The issue is that we’ve got totally different definitions of this idea. Our understanding of diversification is growing the variety of sources, not changing one supply with one other. For true diversification, extra sources are wanted. That’s the reason we’ve got requested the European Union to extend the capability of the pipeline community in South-Jap Europe to have the ability to purchase extra gasoline from Azerbaijan, Qatar and Turkey. “, – he stated.
Secretary Common of the Gasoline Exporting International locations Discussion board (GECF) Mohamed Hamel famous that COP29 is doomed to success.
“I want to congratulate the Republic of Azerbaijan on internet hosting COP29. I’m happy to notice that underneath the in a position management of COP29 President-designate Mukhtar Babayev, with whom I had the pleasure of assembly yesterday, preparations for COP29 are being held on the highest degree. COP29 is already destined for fulfillment. COP29 will open the door to new applied sciences, and I want Azerbaijan success on this matter. I convey my finest needs for the profitable holding of the local weather convention,” he emphasised.
Additional, talking about power safety in Europe, the European Fee’s Director for Vitality Coverage Technique and Coordination, Cristina Lobillo Borrero, famous that in an effort to diversify and safe new sources of gasoline within the European Union, adaptation of the interior infrastructure is important.
“So as to diversify and safe new sources of gasoline within the European Union, necessary steps must be taken. The primary one is adapting our home infrastructure to simply accept extra gasoline. It is very important emphasize that this isn’t solely about growing the overall quantity, but additionally about changing Russian gasoline. Gasoline from Russia predominantly comes by means of pipelines. The European Union, with which we cooperate, is making an attempt to make sure that key interconnections operate effectively in order that gasoline can circulate to these international locations which can be most depending on Russian gasoline,” she emphasised.
As well as, Tina Sersen, Secretary of State for Vitality within the Ministry of Atmosphere, Local weather and Vitality of Slovenia, famous that Slovenia can provide Azerbaijan its information and expertise within the area of photo voltaic power, hydropower, sensible applied sciences and different superior areas.
“We should discover new companions. I look ahead to engaged on the problem of power provides, which can also be necessary for the way forward for the nation. I imagine that Azerbaijan and Turkey have nice potential to develop and create new partnerships that transcend gasoline provides. We are able to to give you, in addition to the whole area, our information and expertise within the area of photo voltaic power, hydropower, sensible applied sciences and different superior areas,” she emphasised.
The pinnacle of the power provide division of the Worldwide Vitality Company (IEA), Christophe McGlade, famous that coordinated actions of exporters and importers within the power sector will assist not solely stabilize markets, but additionally cut back environmental dangers.
“In an surroundings the place international locations’ sources will proceed to be measured by their reserves, be it hydropower or different types of power, importers will all the time worth dependable and inexpensive provides. The primary problem dealing with us is to fulfill these wants. The query arises: how do exporters and importers can collaborate successfully? What’s already being performed on this space? I need to spotlight numerous key points of the required cooperation. First, fossil gas importers must ship clear alerts to producers in regards to the route of their insurance policies. producers might plan their funding methods. This can assist address the duty of supplying the market and forestall attainable financial shocks. Failure to adjust to these circumstances threatens the inventory market with vital losses. Secondly, this cooperation will keep away from oversupply out there within the fashionable world. , their processing results in emissions of about 15% of the worldwide greenhouse gases per day,” he stated.
Vice President and Managing Director of Acwa Energy Raad al Saadi famous that negotiations on the creation of wind farms offshore and onshore in Azerbaijan are on the last stage.
“As well as, negotiations on power storage will quickly be accomplished. Acwa Energy is impressed by how Azerbaijan combines power safety and power transition, in addition to politics and financial pursuits,” Raad al Saadi stated.
He pointed to the effectiveness of cooperation between Saudi Arabia and Azerbaijan each on the state degree and on the firm degree and the similarity of the approaches of the 2 international locations in power technique.
“The synergy of fossil and renewable power sources (RES), which is occurring in Azerbaijan and Saudi Arabia, is a crucial ability for the cheap improvement of the economic system,” Al Saadi emphasised.
As ACWA Energy Govt Vice President and Regional Director Abid Malik stated, Azerbaijan has nice potential for the event of offshore wind power.
Based on him, Azerbaijan is a crucial accomplice of ACWA Energy.
“We have now been working in Azerbaijan for a while. ACWA Energy is an investor, developer and operator of water and power tasks. Our tasks, that are underneath improvement and operation in additional than 12 international locations all over the world, are able to producing greater than 55,000 megawatts of electrical energy and eight million cubic meters of water per day,” he added.
Deloitte spokesman Johannes Truby stated gasoline demand within the EU might fall by 80 % within the coming years, making hydrogen the gas international locations want.
Based on analysis by this international consulting firm, the demand for clear hydrogen on the earth shall be 60-100 million tons, however, for instance, the EU won’t be able to supply such a quantity.
“On this regard, eyes are turned to these international locations from which gasoline pipelines lengthen to the EU, particularly African international locations, Ukraine and Azerbaijan,” Truby emphasised.
Based on him, Azerbaijan wants a full-fledged hydrogen technique. “This requires a transparent political determination, as a result of the hydrogen economic system is pricey and requires enormous investments,” Truby clarified.
Among the many necessary challenges for Azerbaijan, he named compliance with environmental requirements for hydrogen, for which the nation should deploy new applied sciences in accordance with CC’S.
“Azerbaijan should additionally assume by means of the problems of home use of hydrogen and its export. That’s, a nationwide imaginative and prescient is required,” Truby stated.
The discussion board will proceed on June 6.
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