Wednesday, July 3, 2013

President Obiang Urges Gas Exporting Countries to Reduce Emissions

President Obiang of Equatorial Guinea encouraged gas-exporting countries to join Equatorial Guinea in working to reduce carbon dioxide emissions (CO2) from the burning of gas in oil production.

He made the remarks as he discussed recent growth and development in the oil and gas industry in Equatorial Guinea on the opening day of the Second Summit of the Organization of Gas Exporting Countries (GECF).

The forum started Monday, July 1, at the Grand Kremlin Palace in Moscow, Russia. It brought together international leaders such as President Obiang, Nicolas Maduro of Venezuela and Evo Morales of Bolivia, to discuss developments within the global gas industry and promote solidarity within gas exporting countries.

Equatorial Guinea has been ending the practice of flaring natural gas in its offshore oil fields and has been building facilities for storage and export. During his speech on the opening day, President Obiang also reiterated the summit’s goal to promote unity among the participating gas exporting countries as the gas industry continues to evolve.

Participants spent the two days analyzing opportunities to defend the interests of exporting countries and promote growth for the future.