(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.
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