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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.
 epanoian@bsec-organization.org

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.