IEA: $600 billion needed to cut global oil and gas emissions
14:45 16.05.2023 7745
Analysts at the International Energy Agency (IEA) estimate that halving the emission intensity of the world’s oil and gas production will require an investment of $600 billion.
The IEA has estimated that in 2022, the activities of oil and gas companies led to the emission of 5.1 billion tons of carbon dioxide (CO2) equivalent. Global energy-related emissions amounted to 40 gigatons. Thus, the oil and gas industry is responsible for almost 15% of CO2 emissions in the energy sector.
IEA experts offer five directions for reducing emissions by 2030. Among them, the key is the reduction of methane emissions, one of the factors in increasing the global temperature on the planet. Flaring of associated gas should also be reduced. It is proposed to use it by alternative methods – to deliver it to consumers, to re-inject it to maintain reservoir pressure, and also to convert it into liquefied gas and use it to generate electricity.
In addition, IEA analysts propose electrifying fields and related infrastructure through a centralized energy-efficient grid and renewable energy sources, expanding the use of low-emission hydrogen in refineries, equipping oil and gas production with carbon capture, utilization and storage.
Global demand for oil will grow until 2028, – IEA
The International Energy Agency (IEA) predicts in a June report that global oil demand will reach 105.7 million bpd in 2028, up 5.9 million bpd from 2022 levels.
Corporation “Turkmenenergo” will build solar power plants in remote areas of Turkmenistan
In remote settlements of Turkmenistan, the Turkmenenergo energy corporation plans to build solar power plants with a total capacity of more than 6 MW at the first stage. This was announced by the head of the service for the development of renewable energy sources “Turkmenenergo” Dovlet Allayarov at the International Scientific and Practical Conference: «Energy Prospects, New Technologies for the Development of Hydrocarbon Deposits”, which took place on Thursday in Ashgabat.
Pre-conference events were held at IUOG on the eve of the scientific forum
Two pre-conference events were held at the Yagshygeldi Kakaev International University of Oil and Gas (IUOG) on June 14 on the eve of the International Scientific and Practical Conference: «Energy Prospects, New Technologies for the Development of Hydrocarbon Deposits».
Schoolchildren’s summer holiday season starts in Geokdere
The summer vacation season is currently in full swing in our country. Tired of the school bustle, the children plunged headlong into the atmosphere of joy, fun and new adventures that every day gives them, spent in one of the many children’s health centers in the picturesque corner of our country – the Geokdere Gorge.
TS-1 aviation kerosene and oil bitumen were in demand at exchange trading
At the auction on Monday, June 12, 24 transactions were concluded for a total of $1 million and 150 million Turkmen manats, ORIENT reports.