The 29th Session of the Energy Charter Conference

The 29th Session of the Energy Charter Conference
The 29th Session of the Energy Charter Conference was held on November 27-28, 2018 in Bucharest (Romania).
The representatives of KAZENERGY Association – Talgat Karashev, Executive Director for International Cooperation, and Klara Rakhmetova, the Energy Charter Project Manager – participated in the work of the Conference.

The Conference session consisted of two parts: Statutory and Ministerial.

On November 27, during the first session of the Statutory part, the Contracting Parties and Signatories of the Energy Charter Treaty discussed several issues referred to restricted distribution category, such as modernization of the Energy Charter Treaty or proposal concerning the Review under Article 34(7) of ECT. The first day of the Conference ended with a solemn presentation of the Energy Investment Risk Assessment Report (EIRA) 2018, Kazakhstan is involved in this project.

On November 28, the 2nd day of the Conference was held in the format of the Ministerial Conference on the topic: “Encouraging innovations to ensure energy safety, sustainable development and prosperity”.

The event was opened by the Chairman of the Conference, State Secretary of the Ministry of Energy of Romania. Ms. Megan Richards, Director for Energy Policy of the Directorate General for Energy of the European Union, Mr. Anton Anton, Minister of Energy of Romania, and Dr. Urban Rusnak, Secretary General of the International Energy Charter, also welcomed the Conference participants.

The representatives of international organizations and private sector also attended the conference. More than 20 ministers and vice ministers from line ministries and agencies as well as representatives of international organizations and diplomatic corps presented their reports on the main topics of the Conference.

During the first session of the Ministerial part, this issue was considered by the ministers, heads of delegations of the member countries and Energy Charter Conference observes as well as by directors of energy enterprises.

The second session of the Ministerial part allowed the representatives of international organizations to express their opinions on the key problems.
The Energy Charter Conference in Bucharest provided a platform for participation of government-level decision makers, international organizations and heads of energy companies in the dialogue on the role of innovations in ensuring energy safety, sustainable development and prosperity.

The Conference also provided an assessment of the role of instruments available within the International Energy Charter and the Energy Charter Treaty as a means of facilitating investments in innovative energy sectors, as well as solving major energy problems.

Final document of the Conference is the adopted Bucharest Energy Charter Declaration.
The Bucharest Declaration reflects all strategic areas of the Charter process development: modernization of the Energy Charter Treaty, increasing energy security, mitigating investment risks, combating energy poverty, improving the security and reliability of cross-border energy flows etc.

For reference:
Kazakhstan has been an active member of the Energy Charter Treaty (ECT) since its entry into force in 1998. For the first time ever in the history of the Energy Charter, Kazakhstan received an honorary right to be the first country to chair the Energy Charter Conference in 2014.
This year, the Energy Charter Conference was chaired by Romania.


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