BAKU, Azerbaijan, June 5. Azerbaijan and the
Caspian Sea hold the potential to supply gas to energy-starved
Western European countries throughout the energy transition,
TotalEnergies Senior Vice President Exploration and Production
Europe Jean-Luc Guiziou said during the “Executive Talks: Energy
Security 2.0” panel at the 29th Baku Energy Forum, Trend
reports.
“As an industry, we must address the dual challenges of energy
security and transition through two key avenues. First, by
developing and producing accessible, affordable, and low-cost
hydrocarbons. Second, by advancing new forms of energy, such as
integrated energy or decarbonized molecules, to facilitate a
low-carbon future. A year ago at this forum, we anticipated the
launch of the Absheron gas condensate field. The Joint Operating
Company of Absheron Petroleum B.V. successfully brought the field
online last year as planned, with even lower carbon emissions than
initially projected,” he stated.
To note, over 600 delegates are participating in the forum,
representing a diverse range of countries including Australia,
Austria, Belarus, Belgium, Bulgaria, China, the Czech Republic,
Finland, France, Georgia, Hungary, India, Israel, Italy, Japan,
Kazakhstan, Latvia, Monaco, the Netherlands, Norway, UAE, Qatar,
Romania, Russia, Saudi Arabia, Slovenia, Sweden, Switzerland,
Ukraine, the UK, the US, and Uzbekistan. This year’s forum boasts a
record number of speakers, totaling 81.
The Forum’s agenda will address energy issues of significance
for Azerbaijan and the broader Caspian region, focusing primarily
on considerations and financing related to energy security, energy
transition, and green energy projects.
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