From left: Mr N K Mitra, Norway's Prime Minister Jens Stoltenberg, Mr A K Hazarika, Nobel Peace Prize winner Dr Rajendra Pachauri, Mrs Alexandra Bech Gjørv and Mr Michel Myhre-Nielsen.
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A memorandum of understanding was signed today, 6 February, by StatoilHydroâs Mrs Alexandra Bech Gjørv (Senior Vice President New Energy) and Mr Michel Myhre-Nielsen (CCS business development manager), and ONGCâs Mr A. K. Hazarika (Onshore Director) and Mr N. K. Mitra (Offshore Director).
The signing took place at a special event organised by TERI (The Energy and Resources Institute) and the Norwegian Embassy prior to the Delhi Sustainable Development Summit (DSDS) in New Delhi, 7-9 February.
Norwayâs Prime Minister Jens Stoltenberg and Nobel Peace Prize winner Dr Rajendra Pachauri was also present at the signing.
âThe agreement is an excellent start for developing environmental projects and technology transfers,â says Mrs Bech Gjørv.
âIndiaâs energy sector is growing fast and weâre excited to contribute with our CCS and CDM competence in the cooperation with ONGC,â she says.
The two companies have agreed to jointly screen possibilities for developing CCS and CDM projects within ONGCâs operations in India. The cooperation could result in CO2 emissions reduction projects as well as the promotion of energy efficiency and growing use of renewable energy under the mechanisms of the Kyoto Protocol.
ONGC is Indiaâs premier oil and gas company. It has nearly 40,000 employees and operates both onshore and offshore.
The DSDS is an annual event that has matured into Indiaâs most important gathering of international leaders concerned with global sustainable development.
This yearâs conference attracted the prime ministers of India, Norway, Denmark and Finland, as well as numerous ministers and government officials from several countries.