Aggressive promotion of the "green agenda" actually means declaring an energy war on the majority of the world's population; overcoming energy inequality is impossible without reliable supplies of oil and gas, stated Rosneft Chief Executive Officer Igor Sechin at the 27th St. Petersburg International Economic Forum.  

On his opinion, demand for electricity will grow in the future driven by developing countries that have yet to overcome energy poverty.  Thus, more than two out of eight billion of the world's population still use open fire for daily living needs today, and more than 700 million people live without any access to electricity.

“The gap in energy consumption between poor and rich countries is striking. Thus, for example, the per capita consumption in India, which accounts for about 20% of the global population, is eleven times lower than that in the United States. Overall, in the so-called G7 countries, accounting for less than 10% of the global population, energy consumption per capita is almost three times higher than the global average,” Sechin said speaking on the Energy Panel.

He reminded that it is in the developing countries of Asia and Africa that we are witnessing the greatest population growth and, consequently, a rapid increase in the need for energy resources. Obviously, in this situation, a reduction in global consumption of fossil resources would automatically mean that the problem of hunger and energy poverty would not only persist, but also worsen.

“Thus, aggressive promotion of the “green agenda” actually means declaring an energy war on the majority of the world's population,” head of Rosneft stated.   

On his opinion, overcoming energy inequality is impossible without reliable supplies of oil and gas. Those advocating a complete ban on fossil fuels, or even a phased withdrawal from them, do not take into account the role of oil in the modern world. In addition to manufacturing of petroleum products, oil is used for the production of a huge number of day-to-day goods, without which the life of modern humans can no longer be imagined.

“Giving up oil will also mean giving up the modern way of life. Conversely, for many countries, increased oil consumption means access to the benefits of civilization,” Igor Sechin summed up.

Information & Advertising Department
Rosneft
June 8, 2024