OPEC+ could continue working on “green” agenda when market recovers after crisis

TASS Russian News Agency | Oct 13, 2021 at 5:44 PM

MOSCOW, October 13. /TASS/. Russian President Vladimir Putin did not rule out that when the global oil production market reaches the pre-crisis level, the OPEC+ could continue working on the "green" agenda. He said this speaking at the plenary session of the Russian Energy Week.

"In my opinion, in terms of oil production and work on world markets, we have very constructive relations with the OPEC countries. I think, the mechanism created by OPEC + is working effectively, in the interests of the entire industry and the global energy system. I believe that after production reaches the pre-crisis level, we will be able to continue this work, in particular as part of the "green" agenda," the head of state said.

Putin stressed that OPEC + will discuss modern technologies for the extraction and use of hydrocarbons, the transition to hydrogen and other sources, including renewable energy.

Putin also added that these topics should become priorities for G20 at the UN, especially at their sites dealing with the climate agenda. According to the Russian leader, these issues should be discussed "not only from the point of view of how bad we feel, but from the point of view of what we should do all together to meet the interests of the economy, to ensure people's well-being, and to create the necessary conditions for the development of "green" energy."

Russian Energy Week International Forum, which takes place in Moscow on October 13-15, serves as a platform for discussing the main challenges faced by the energy sector. The forum is being held to demonstrate the prospects of the Russian fuel and energy industry and unlock the potential of international cooperation in energy. This year the forum will contain more than 30 business events, with heads of more than 200 companies from various sectors of the fuel and energy complex, from oil and gas, coal and electric power complexes, expected to participate.