Dragon Oil: Turkmenistan's contribution to the security architecture of global supplies of natural energy resources is invaluable
Ali Rashid Al Jarwan, CEO of Dragon Oil, an international company for the exploration, development and production of oil and gas, a participant in the International Forum for Attracting Investments in the Energy Sector of Turkmenistan (UAE, Dubai) spoke about his impressions in an exclusive interview with ORIENT:
― The Investment Forum in Dubai has become a global information platform where it was possible to get answers from the "primary sources" to all questions of interest on such topics as the renewal of the energy industry, the principles of working with oil, gas and the petrochemical reservoir, "green" energy, innovative methods of work in the oil and gas sector and much more.
As we all know, Turkmenistan ranks fourth in the world in terms of gas reserves and has a huge potential to increase energy production in this sector. And this, in turn, will allow the country to increase its contribution to the security architecture of global supplies of natural energy resources. I also note that the forum demonstrated the openness of Turkmenistan to new deposits and potential investors.
The theme of "green" energy resources stood apart at the conference. Much has been said about the importance of achieving zero emissions by 2050, however, it is not easy to achieve. Let me explain why with examples: the world's population is growing, which means that global energy consumption will also grow. Now we are talking about 8 billion inhabitants of the Earth, and by 2050 the number of people will reach about 9.5 billion. The growth of people's well-being, the improvement of the quality of life also entail an increase in energy consumption.
This means that the use of fossil fuels will continue and natural gas, considered a clean fuel, will become a transitional element by 2050. Another important component is energy sustainability when it comes to readiness to globally reduce emissions, reduce greenhouse gases. Therefore, this transition is scheduled for 2050.
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