St. Petersburg (Russia): One of the most influential men in Russia’s energy sector, Rosenft CEO Igor Sehin said on Saturday that China was demanding complete energy independence and in future it could become a major energy exporter in future.
China’s economic and military growth in the last 45 years has been considered one of the most important geophysical events of recent times, which ended the Cold War with the fall of 1991 of the Soviet Union.
Sechin said that a huge increase in power consumption was changing the entire scenario of global energy markets as the population in Africa and Asia had increased and the digital revolution gave rise to a massive demand for power.
Speaking at the St. Petersburg International Economic Forum, Sex said that China was responsible for one third of global investment in the energy sector, increasing renewable energy capacity and now one of the leaders in nuclear power.
“China, which has already ensured its energy security, is confidently moving towards freedom freedom, creating a stable energy balance based on its own resources,” Sex said in a speech that mentioned both Greek mythology and Nicolo Mciaveli.
“There is no doubt, taking into account the perseverance and professionalism of our Chinese peers, that in the future they will get the desired results, which will convert China from the importer of energy resources to a major energy exporter.”
China is currently the world’s largest importer and a major importer of natural gas. Russia is the second largest oil exporter in the world and holds the world’s largest reserves of natural gas.
Sechin, who works with Vladimir Putin under the former Imperial capital of St. Petersburg and later in the Kremlin, has run Rosneft since 2012.
Rosneft has about 40% of Russian oil production, 14% of the country’s gas production and 32% of the refinery market. It is also the largest oil exporter of oil for China.
Sexin stated that the decision by OPEC+ to speed up the output in the output was now seen far and wide in the light of the confrontation between Israel and Iran. He said that the OPEC+ group could bring forward its output hike from the initial plan for about a year.
He attracted attention to the huge American debt pile, warned that Habsburg declined due to great powers from Spain and the Ottoman Empire and East-revolutionary France in the UK due to high levels of public debt.
The expansion of the Western military complex was removing heavy resources away from the productive areas and was unlikely to be a panacea for problems in Europe or the United States, Servin said.
“There is always an odd answer,” he said.
But his focus was on the role of China, giving an example of how an increase in sales of electric vehicles led to a significant recession in the demand for motor fuel compared to the previous year.
“If this trend continues – this oil can have an important reverse effect on the market balance,” Sex said.
He said that there was a processing of coal in synthetic fuel and chemical products compared to an important part of China’s strategy to reduce dependence on energy imports.
He said that about 40 million tonnes of coal are used to produce more than 260 million tonnes for synthetic fuel and ammonia and methanol production.
