SCO Releases Details Of Energy Cooperation Development Strategy Until 2030

(MENAFN- Trend News Agency) ASTANA, Kazakhstan, July 11. The Shanghai Cooperation Organization (SCO) approved a strategy for energy cooperation until 2030 during its summit in Kazakhstan's capital on July 3-4, Trend reports.

According to the country's energy Ministry, the strategy aims to deepen cooperation and share expertise in key areas such as the oil and gas industry, electric power, renewable and low-carbon energy sources, peaceful use of nuclear energy, coal industry, energy saving, and energy efficiency.

The document emphasizes that SCO countries will prioritize using domestically produced oil and gas resources to meet internal needs. Additionally, the strategy includes developing transit potential, diversifying export routes, and enhancing the safety and reliability of oil and gas transportation infrastructure.

SCO members also showed interest in joint projects for producing hydrocarbon-based products, including oil and gas chemical products.

The strategy outlines plans to explore interconnecting electricity infrastructure within the SCO region, integrating various energy sources, and forming regional electricity markets based on technological capabilities. Regular exchanges of knowledge in the electric power industry, joint studies on electricity storage, and best practices for simplifying grid connection procedures are also part of the strategy.

To ensure uninterrupted power supply and energy security, participants pledged to consider investments in the modernization, reconstruction, and repair of energy facilities.

The strategy also promotes cooperation in producing and exporting energy equipment, as well as sharing long-term plans for developing electricity and heat supply systems.

In the field of renewable and low-carbon energy sources, the SCO member states plan to increase the production and consumption of renewables, reduce greenhouse gas emissions, and use renewables for energy supply in large cities and remote settlements. Cooperation in the new fuels sector will also be explored.

Energy agencies of the SCO countries agreed to exchange best practices and engage the expert and scientific community to raise public awareness of nuclear technology safety. The strategy includes cooperation in uranium products for peaceful purposes and exploring the potential for a scientific and technical center for nuclear cooperation among SCO member states.

The SCO member states, with assistance from the SCO Secretariat, will develop a roadmap for implementing this strategy.


Trend News Agency

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