New industrial age; BRICS countries’ reliance on energy resources for the development of the world – Mehr news agency RCO News Agency

According to RCO News Agency, quoted by BRICS TV, the 14th St. Petersburg International Gas Forum (SPIGF) was held with the presence of prominent experts from 53 countries. This event is considered as one of the most important specialized meetings of the gas industry, a platform for exchanging views on the future of energy in the digital age and modern industrialization.

According to the statistics published by the organizers, more than 34,000 people participated in this event and studied the developments of the energy market in the form of 110 specialized meetings and 800 expert presentations. In a situation where the world has entered a new stage of industrialization and digital development, natural gas continues to play a central role in the economic growth of countries.

The role of BRICS in the global energy balance

Experts emphasize that the new centers of economic growth from China and the Middle East (West Asia) to Central Asia, Southeast Asia, Africa and Latin America now account for 60% of global gas consumption, and this share may reach 70% by 2050. Among them, Russia, China and India have a total of nearly 39% of global gas consumption.

As one of the 3 main gas consumers in the world, with the production of more than 685 billion cubic meters of natural gas and having proven reserves equal to 67 trillion cubic meters, Russia has an important position in the global energy market. One of the main priorities of this country is the development of gas transmission infrastructure to Asia. In this regard, in September, Russia and China signed agreements to increase the capacity of the “Power of Siberia” pipeline and start the construction of “Power of Siberia 2” through Mongolia.

“SergeyTsivilevThe Minister of Energy of Russia said in the main meeting of the forum: binding agreements have been signed for the implementation of the Power of Siberia 2 project with a capacity of 50 billion cubic meters. The current pipeline has also reached its full capacity (38 billion cubic meters per year) and its development project has started.

Liquid gas and the new energy market

Another strategic focus of the Russian energy industry is the development of the liquefied natural gas (LNG) market. This country currently produces 34 million tons of liquefied natural gas annually, which is equivalent to 8% of global production, and this figure is expected to increase to 100 million tons by 2030.

According to the Russian Ministry of Energy, BRICS member countries have shown increasing interest in importing Russian energy sources, including liquefied natural gas, coal and oil. “AngelicaEremeyeva“, an energy industry expert, emphasized: The main markets for the growth of Russian LNG exports include India, the Commonwealth of Independent States (CIS) and Southeast Asia.

From gas and oil to hydrogen; Future energies

BRICS countries have increasingly focused on low-carbon and renewable energy, along with fossil energy. according toNellySemenova“, an expert on energy and transportation cooperation between Russia, China and Central Asia, “the countries of China, India, Brazil and Russia cooperate closely in projects such as solar energy (centered on the international solar alliance led by India), wind energy, bioenergy and the development of hydrogen technologies”.

According to experts’ predictions, in the next decade, Russia will build a nuclear power plant with a high-temperature gas-cooled reactor, which will be integrated with a hydrogen electrolysis complex and a carbon capture and reuse system. The cost of hydrogen production in such a complex is estimated at 1.5 dollars per kilogram.

At the same time, the use of natural hydrogen is also proposed as a new option. An example of this can be seen in the country of Mali (Africa), where gas with 98% hydrogen composition is extracted from underground wells. Estimates show that underground hydrogen reserves in the world are about 5.6 trillion tons, although most of these resources are located at great depth and access to them is currently limited.

Huge gas resources in the Arctic

Russia’s natural gas reserves in the Northern region (arctic) is also impressive and according to the data presented at the St. Petersburg Assembly, it is estimated as high as 87 trillion cubic meters. The extraction of these resources requires advanced technologies due to the harsh climatic and geological conditions of the region.

On the sidelines of this meeting, new offshore drilling technologies, automatic extraction systems, and remote sensing technologies for resource exploration in the Arctic continental plateau were exhibited.

“AngelicaEremeyeva“, the professor of St. Petersburg Mining University, in a conversation with BRICS TV, stated: joint projects of BRICS countries and the Shanghai Cooperation Organization in the Arctic region require a comprehensive approach, because in addition to the political and technologicallyEnvironmental issues are also of vital importance in it.

energy; The foundation of the new industrial age

Experts believe that in the new era of industrialization, energy sources are not only a means of providing lighting and heat, but also the basis for the development of technology, artificial intelligence and data processing centers. The increasing demand for electricity and fuel has boosted the demand for gas, oil and alternative fuels.