The Russian Federation is the Country-Coordinator for the Working Group on Energy for the term 1 July 2015- 30 June 2017.
Edouard PANOIAN - Executive Manager in PERMIS in charge of the Working Group.
Vast energy resources of the region, including the Caspian basin, second only to the Gulf area in the world, are not only a major, strategic asset but also an unavoidable subject in bilateral and multilateral economic cooperation.
MAJOR PROJECTS ARE IN THE HORIZON:
Energy-rich BSEC Countries, various Member States, major industrial economies and multinational companies will have to join forces for their realization. This will be a major, meaningful investment towards enduring security and stability in the region. Interconnection of electric power systems encompassing all the member states is a striking project under progress guided by the Ministers of Energy of the Member States. The objective is to bring about a rational and more effective production and utilization of electric power in the region. The Terms of Reference of the feasibility study are already endorsed. A Steering Committee established at the level of Deputy Ministers of Energy is charged with the follow-up of implementation of the Terms of Reference. The feasibility study is about to begin. Enquiry for financing is under way.
THE ENERGY MINISTERS EMPHASIZE THE NEED TO FOCUS ON :
- Energy Efficiency
- Renewable Energy
- Oil and Gas Transportation
- Creation of a Data Bank on Energy Programs
- Other Energy Related
The Member States also cooperate in the fields of Electrical Networks and Hydrocarbon Resources.