Latest news with #EnergyWeek
Al-Ahram Weekly
17 hours ago
- Business
- Al-Ahram Weekly
Russia keen on expanding investment in Egypt energy sector with Egyptian partners: REW Director - Foreign Affairs
Russia is looking forward to discussing expanding energy cooperation with Egyptian partners during the Russian Energy Week this October, according to Vladimir Zatyinaiko, deputy director of the Roscongress Foundation and director of the Russian Energy Week (REW). Zatyinaiko told Ahram Online that Egyptian partners will join discussions at the forum on investment, logistics, and the development of energy infrastructure, including electricity, liquefied natural gas (LNG), renewable energy, and nuclear power. His remarks came on the sidelines of the St Petersburg International Economic Forum (SPIEF), held from 18 to 21 June and organized by the Roscongress Foundation. This year's SPIEF was held under the theme: Shared Values: The Foundation of Growth in a Multipolar World. Russian Energy Week will take place from 15 to 17 October in Moscow. 'Russian Energy Week is among the leading energy forums in the world with a participation of 82 countries,' Zatyinaiko said. "During the Energy Week, we invite experts from all over the world. We have common projects with Egyptian partners. Closely working with Latin America, ASEAN, BRICS representatives, and the Shanghai Cooperation Organization. We expect this interview to bring even more attention to the event.' He added: 'Russian Energy Week is a leading energy forum in the world. It is a key platform for discussing current issues and challenges in the energy sector worldwide. Our main goal is to gather at the same platform the representatives of the government, business, and the sector's experts to form common practices and define the future vision of the energy sector. REW grows annually, the business programme and the exhibition programme are improving each year.' 'In the context of the current world climate, I believe the Russian Energy Week unites people, and we are prepared to invite experts from all over the world during the Energy Week,' he said. Zatyinaiko said that the forum had become more relevant in the context of sanctions and ongoing geopolitical tensions and attracted growing international interest. 'As our political climate is quite tense, the Russian Energy Week has become increasingly popular. The number of applications for participation is growing. I can say openly that we don't impose any sanctions and restrictions. We are ready to accept delegates and representatives of technologies and equipment in our country.' He highlighted past activities and said several agreements had been signed in recent years between Russian companies and partners in Latin America, Asia, and Africa. 'We have also signed an agreement with the African Energy Chamber. The agreements are concerned with joint projects in the field of generation, infrastructure maintenance, equipment supply and technology transfer. Throughout the years, all the events that are held by the Roscongress Foundation raise questions that are important for the whole world's energy sector.' He said input from other global energy forums would help shape this year's REW agenda. 'We have several similar world platforms, conclusions of which we will include in the Russian Energy Week agenda. Global dynamics are changing the relationship between countries. We are trying to use interesting formats in the business programme. We are introducing so-called energy talks. These are the limited topic meetings with the representatives of Africa, ASEAN, and BRICS, where specific scenarios of energy cooperation are going to be discussed.' He added that plans were underway to expand the forum's programming. 'Plans for interesting business sessions, intellectual battles, developing the exhibition for the second year in parallel with the main event.' Follow us on: Facebook Instagram Whatsapp Short link:
Zawya
14-05-2025
- Business
- Zawya
Nigeria: NOG Energy Week 2025 to advance investment, innovation
The upcoming NOG Energy Week 2025 is poised to play a pivotal role in shaping the future of the energy industry, bringing together key stakeholders, innovators, and investors to drive investment, foster innovation, and enhance energy security in a rapidly evolving global landscape. The 24th NOG Energy Week, themed 'Accelerating Global Energy Progress Through Investment, Partnerships & Innovation', is scheduled from 29 June – 3 July 2025, at the Abuja International Conference Centre (ICC) in Nigeria. As the largest energy gathering in Sub-Saharan Africa, NOG Energy Week according to the organizers will bring together over 7,000 leaders, policymakers, regulators, and industry professionals from more than 85 countries across the globe. The event offers a rare intersection of government policy, industry strategy, and technical expertise focused on creating a more resilient and forward-looking energy ecosystem across Africa. Spanning five days, NOG Energy Week will feature a Strategic Conference, CPD-accredited Technical Seminar, Nigerian Content Seminar, International Exhibition, Energy Awards, Leadership Roundtables, a Golf Day and an exclusive Energy Club. Each segment is designed to foster meaningful dialogue, showcase innovation, and facilitate strategic partnerships across the entire energy value chain. The strategic conference has a structured, formal agenda, including ministerial sessions, energy talks and strategic panel sessions with a multilateral focus on Africa's comparative position within the evolving international order. It considers how to safeguard energy security and climate goals simultaneously. Speaking on the content of the programme, Wemimo Oyelana, Country Director – Nigeria & Portfolio Director – Energy for dmg Nigeria events, emphasised, ''NOG Energy Week 2025 is more than just a convening of industry players; it is a strategic catalyst for Africa's evolving energy narrative. The breadth of this year's programme, from policy-shaping ministerial dialogues to technical deep dives and innovation showcases, reflects our commitment to facilitating real progress across the entire energy value chain. As energy systems worldwide become more integrated and complex, our platform remains focused on unlocking investment, driving partnerships, and ensuring that Africa's voice is central in shaping a resilient and sustainable global energy future.'' Running alongside the Strategic Conference, the CPD-certified Technical Seminar serves as a practical forum for accelerated multi-disciplinary vocational training for engineers, scientists, project managers, and innovators. The seminar will focus on midstream infrastructure optimisation, drilling, sustainability, modular gas systems, emission reduction, and other important issues. The Nigerian Content Seminar, organised with the Nigerian Content Development and Monitoring Board (NCDMB), will evaluate the strides made regarding the NOGICD Act and the local capacity and service delivery strategy levers to be used within Nigeria's oil and gas industry. Participants will engage in implementation pathways to deepen domestic value retention and support the sustainable growth of indigenous companies in global energy supply chains. At the same time, the NOG International Exhibition, which is now open for visitor pre-registration, will showcase over 350 exhibiting companies, including country pavilions from China and India, demonstrating the latest advancements in exploration and production, low carbon technologies, digital operations, LNG, and renewable hybridisation. The exhibition will enable global stakeholders to assess new commercial opportunities and pinpoint prospective investments within Nigeria and the West African region. For more Private and focused high-impact interactions, NOG Energy Week 2025 will host the Leadership Roundtable and Executive Meeting Suites. These sessions will provide private settings for C-suite leaders, regulators and policymakers to discuss openly and decide on investment priorities and emerging developmental strategies. With the increasing energy demand, changing investment flows globally, and Africa becoming a more dynamic participant in energy transition initiatives, NOG Energy Week 2025 offers a unique window of opportunity for global stakeholders to foster collective action toward resilient, inclusive, low-carbon energy systems. According to the organisers, registration for international delegates is now open. Copyright © 2022 Nigerian Tribune Provided by SyndiGate Media Inc. (
Yahoo
14-05-2025
- Business
- Yahoo
Momentum matters in Alaska's gasline project
A network of pipelines, seen on Aug. 23, 2018, snakes through a portion of the Greater Prudhoe Bay Unit on Alaska's North Slope. (Photo by Yereth Rosen/Alaska Beacon) As a nearly 50-year advocate for the Trans Alaska Gasline, many are asking for my assessment of the current status of the project. There is no doubt we have seen momentum rise and fall over several decades but right now momentum is clearly on the rise with President Trump once again focusing on Alaska's project. In 2017, I and two other governors were invited to the Oval Office for Energy Week to meet with President Trump and present our respective state's most significant energy project. Following the meeting, President Trump took me aside and asked specifically what he could do to help advance Alaska's gasline/liquefied natural gas project. I explained the need for Asian market customers. A few weeks later we were informed that the president of China, on his return flight from meetings with President Trump at Mar-a-Lago, would be stopping in Anchorage to meet with me. China's first lady and the majority of his cabinet would be accompanying him. China has long been Alaska's largest trading partner so we honored the Trump administration's request and met with President Xi and his delegation. Reporting on that meeting the ADN noted, 'Alaska exported seafood, minerals, oil and other products valued at just under $1.2 billion to China in 2016.' The article also confirmed that expansion of these exports was discussed as well as tourism, air cargo, and Alaska's liquified natural gas export opportunities. That momentum continued and as reported by the Juneau Empire by fall the Trump administration asked me, the only governor invited, to join his trade mission of 29 U.S. business leaders to China. After President Trump's invitation for more meetings in D.C., I traveled with the president and his delegation on Air Force One from D.C. as far as Hawaii for meetings. I continued on to Beijing to meet up with my Alaska team before President Trump's arrival in Beijing. This culminated in my signing a nonbinding customer gas off take agreement in Beijing witnessed by both President Trump and President Xi. Directly following the Beijing signing ceremony, President Trump traveled on to Vietnam and along with Vietnam President Tran Dai Quang witnessed the Nov. 12, 2017, signing of the memorandum of understanding between Petro Vietnam Gas and then Alaska Gasline Development Corp. President Keith Meyer on behalf of AGDC. These very public signing ceremonies put the Alaska LNG project on the front page of nearly every LNG journal around the world. After these signing ceremonies some of the world's largest energy purchasers that had not already signed nonbinding letters of intent or memorandums of understanding to purchase LNG from Alaska soon signed up. These companies included among others: Tokyo Gas, Korea Gas Corporation, ENN Energy, Petro Vietnam Gas, Mitsubishi, Chuba Elec. Power (Japan) and Sinopec. Our team later successfully negotiated three truly historic gas purchase sales agreements with North Slope producers British Petroleum, ExxonMobil, and ConocoPhillips. Unfortunately, all of this momentum faded following the 2018 gubernatorial election. The market customers that were once interested in Alaska moved on to other projects in Canada and the Lower 48 and the gas purchase sales agreements with the North Slope producers expired. Nonetheless, it is a fitting example of what project momentum can do, especially with the backing of the president of the United States. What is often missed in the Trans Alaska Gasline project discussion is the financial benefit of Alaska's close proximity to the Asian markets. This has been explained by the AGDC from the time of its creation in 2014 to today. Yes, many Lower 48 projects don't require a new 800-mile gasline. However, the financial advantage of five to six days of shipping time from Alaska to the Asian market as opposed to the monthlong transits of LNG shipping from the Gulf Coast, plus the cost and uncertainty of going through the Panama Canal, must be considered. In 2023, while in Panama, I witnessed a long line of vessels, including LNG tankers, waiting to transit the canal. With low water, the transit was severely backed up and delayed. An auction was conducted for ships competing to move to the front of the line. One Japanese company paid $4 million above the normal transit fee to move up in the line. From Alaska it is a direct shot to Asia, a route that LNG ships used for over 40 years of on-time deliveries from Nikiski on the Kenai Peninsula. The then president of Tokyo Gas, Japan's largest buyer of LNG, Mr. Michiko Hirose, with whom I had met many times over the years, accepted my invitation to come to Juneau in 2018. His wife and senior advisors accompanied him and we held many meetings on Alaska's LNG project over the course of a week. I asked Mr. Hirose about the importance of LNG price versus deliverability. He responded that price is very important but deliverability is crucial. If the best-priced LNG in the world does not show up on time, that is a huge problem for the utilities in Japan. This project has been delayed for so long that given the looming shortage of gas in Cook Inlet, Alaskan consumers have now become the market. Financial analysis shows that the pipeline alone can be financed, without the high compression/LNG component, to deliver gas to Alaskans at prices competitive with the cost of importing gas. Ultimately however, it is the LNG export piece that significantly reduces the cost of energy to Alaskans. I do commend and support Governor Dunleavy's working closely with President Trump to regain momentum for this critical energy opportunity for Alaska and beyond. It is imperative that this momentum continues to build and timelines for the start of construction and completion and first gas are met. Having the president of the United States and his administration strongly advocating for Alaska's project could finally be the direly needed game changer to push it over the finish line. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
