Collaboration With GECF-OPEC High-Level Energy Dialogue Is Very Essential — GECF

(Last Updated On: 2021-10-27)


Secretary-General, of Gas Exporting Countries Forum (GECF), Dr Yuri Sentyurin, has said that efficient collaboration within GECF and Organisation of Petroleum Exporting Countries (OPEC) High-Level Energy Dialogue was very essential, due to the current period of concerns as regards to energy crisis and its complications.

This was made known on Wednesday by Dr Yuri Sentyurin, Secretary-General, GECF, while opening the second High-level Virtual Meeting of GECF- OPEC Energy Dialogue said it aimed towards achieving more sustainable world..

Sentyurin stressed that gas remained most practical option to attain energy transition, spur economic growth and social progress anywhere in the world, adding that member countries had been fulfilling all of their long-term supply contracts.

He said GECF thoroughly recognised the complex challenges imposed by climate change and the importance of abating carbon emissions, adding that it supported all endeavours and attempts in dealing with climate change.

Furthermore, he stated that it supported and strived to be part of the efforts undertaken by the international community to deal with environmental issues.

“Therefore, the GECF joined the commitment of UN to ensure that oil and gas sectors continue to make influential contribution to overcoming COVID-19 pandemic impacts, powering the global economic recovery, and accelerating move towards net-zero emissions.

“In GECF, we share the statement by Mohammad Barkindo, OPEC Secretary-General, that oil and gas have an important role to play in the energy transition and support the need to reduce emissions, bolster efficiency and embrace innovation.

“Therefore we must be aware of the risk we run of not adequately investing in the future of oil and gas industries,” he added.

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Sentyurin also lauded member countries which had pledged to ensure net-zero carbon emissions by 2060 and also for submitting details of their Nationally Determined Contributions required by upcoming COP26 Meeting, while maintaining their roles as leading producers of oil and gas.

Source: NAN


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