The 9th Turkish Energy Summit (TES)

The 9th Turkish Energy Summit (TES)
The 9th Turkish Energy Summit (TES) and the 17th ERRA conference on the regulation and investments in energy field were held on October 9-10 in Antalya (Turkey). More than 700 delegates from 30 countries attended these events. Arman Satimov, Advisor to the Chairman of KAZENERGY Association, participated on behalf of the Association. The event was supported by the Ministry of Energy of Turkey, Energy Market Regulatory Authority (EMRA), Energy Regulators Regional Association (ERRA). Arman Satimov participate in the plenary session and was the speaker of the panel session on the trends in gas policies, prospects for regional and global markets.

It has been noted that the event is taking place in the period of significant changes of the paradigm in the landscape of the energy sector, the issues of securitization of energy flows in the basins of the Caspian, Black and Mediterranean seas, situations in the neighbouring countries and in Turkey and Europe have been discussed. The speakers highly appreciated structural reforms introduced by the countries in their energy sectors and pointed out the role of independence of regulatory authorities. At the same time, it was proposed that the regulatory authorities should demonstrate their confidence in the strength of markets in order to ensure the value and well-being of energy sectors under control, and to provide comfort to energy consumers. The prospects for increasing the freight turnover of the regions on various types of energy products have been studied.

For reference.

As Mr. Fatih Donmez, Minister of Energy and Natural Resources of Turkey, noted earlier at the Kazakh-Turkish Investment Forum, Turkey and Kazakhstan are striving to gradually increase the annual bilateral trade from the current USD 5 bn. to USD 10 bn. in the next seven-eight years.

“The trade volume, which entered a downward trend in 2013 and afterward, showed an increase of 23 percent in 2017, it is well below our potential”, - Donmez noted. In 2017, the trade volume between the two countries reached USD 2.4 bn., however Donmez stated that this year it can be even higher. “Today, we will witness the signing of 22 bilateral agreements between Turkey and Kazakhstan worth USD 1.7 bn.”, - he said, adding that Turkey would like to bring this partnership to a new level with the introduction of new projects and by expanding further sector agreements. New agreements will develop relations between the private sectors of the two countries, in particular in the transport, engineering, chemical, energy and mining sectors.