Aravana Capital Management took part in the Tyumen Oil and Gas Forum, which took place in the capital of Western Siberia on September 23-24.

The event was organized with the support of the Ministry of Energy of the Russian Federation, the Ministry of Industry and Trade of the Russian Federation, the Ministry of Natural Resources and Environment of the Russian Federation and the Government of the Tyumen Region. Over the course of three days, Russian and international experts from all over the country discussed new possibilities of the fuel and energy complex.

Upon completion of TNF-2020, Aravana Capital Management noted the key moments of the event and summed up the results:

The first day of the Tyumen Oil and Gas Forum was eventful. Participants of the Technological Days presented their projects to experts from four oil and gas companies: GK PAO NOVATEK, PAO Gazprom Neft, PAO Surgutneftegaz and PAO Tatneft.

In addition, a panel discussion “Active of the Future” and a visiting session of the Expert and Technical Council “Technology Park – a Driver of the Oil and Gas Economy of the Future” took place.

The second day of the Main Oil and Gas Forum of the country was atmospheric and eventful. One of the questions that the participants discussed at the main plenary session of the forum: “Can the oil and gas industry remain a driver in the era of development of renewable energy sources?”

Aravana CM experts are of the following opinion:

“The preconditions for such trends as an excess of supply and a slowdown in demand growth, as well as increased support for green energy were noticeable 5 years ago. The pandemic has accelerated these processes. The world will not be able to completely abandon oil, but the share will steadily fall. Some of the largest oil companies limited themselves to only their disappointing forecasts, others –

are actively investing in green energy.

The whole problem of green energy at the moment is as follows – there is no possibility of inexpensively storing the obtained energy due to the fact that the current batteries are still from the “last century”, but investments in breakthrough technologies are gigantic. Today, diesel / gas counterparts are still used to “equalize” the voltage in the network, and to tell the truth, it would be better if they worked 24/7, because due to the peculiarities of the start / stop they have to burn no less, if not more fuel in order to to make up for suddenly falling out volumes.

The third day was held under the auspices of discussing such issues as the trend towards automation of processes and robotization of production, personnel challenges, as well as the situation in the oil and gas sector in general.

Photo: Maxim Slutsky, Donat Sorokin / TASS

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