Questions of World Energy to Be Discussed at the Highest Level

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Thursday, 20 November 2014 10:43

On 26-27 November, Astana will hold the 25th session of the EC Conference after Kazakhstan’s Presidency in the Energy Charter Conference.

According to the plans, the event will be attended by Karim Massimov, Prime-Minister of Kazakhstan, Urban Rusnak, Secretary General and Ambassador of the Energy Charter, Uzakbai Karabalin, Energy First Vice-Minister of the RoK, Vagit Alekperov, President of JSC “LUKOIL”, Seyed Mohammad Hossein Adely, Secretary General of the GECF, Sayat Mynbayev, Chairman of the Board of JSC NC “KazMunaiGas”, and also ministers and ambassadors of the Netherlands, Great Britain, Georgia and a number of other countries.

During its Presidency, Kazakhstan has raised several important policy proposals to improve the Energy Charter process. It was proposed to introduce a pretrial voluntary dispute resolution mechanism to avoid conflicts in the energy sector at the national level. Additionally, it was recommended to consider the creation of an Ombudsman for the protection of investments in the energy sector under the Energy Charter General Secretariat. This will help to resolve disputes in a more dynamic and timely manner and to avoid investment disputes in the Energy Charter countries.

In addition, Kazakhstan has been actively involved in the process of modernization of the Energy Charter Treaty and its extension. Chairing the Charter, Kazakhstan has also planned to initiate an in-depth multilateral dialogue on security of energy transit and transparency of all segments of the international energy markets.

It is scheduled to adopt the main final document during the meeting – the Astana Road Map – which will determine the development of the organization for the next five years. For example, the previous document of this kind was adopted in Rome in 2009.

Background Information:

The Energy Charter was signed in 1991. Originally, it was created as a mechanism for organization of the energy interaction between the Eastern and Western Europe. In 1994, the participants signed the Energy Charter Treaty and the Protocol on Energy Efficiency and Related Environmental Aspects. This Document, unlike the Charter, which calls for strengthening political relations in the energy sector, is a legally binding multilateral agreement. The Energy Charter Treaty helps to create uniform rules to be observed by all participating governments, with the purpose of reduction of risks associated with investment and trade in energy. Over the years, the Charter was expanded by including the countries of Eurasia. Kazakhstan has been a member state of the Energy Charter since 1995.

The press conference will take place on 27 November at the “Rixos President Hotel”.

The registration of participants starts at 9:30

Contacts:

+7 7172790181

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