Articles for 13.11.2008 » Caspian Partnership for the Future

ENERGY SUPPLY DIVERSIFICATION

AZERBAIJAN PLAYS IMPORTANT ROLE TO ASSIST EU IN ENERGY SUPPLY DIVERSIFICATION: INTERVIEW WITH LITHUANIAN PRESIDENT

Question: How does Lithuania see the energy cooperation with Azerbaijan?

Answer: Enhancement of the relations with Azerbaijan must become one of the priorities in the Caucasus and Central Asia not only for Lithuania but also the entire European Union. Azerbaijan plays an important role in assisting EU in diversification of energy supply. Azerbaijan is the key player for successful implementation of new energy projects in the region. And that depends not only on your resources but also on your good and friendly relations with the Central Asian countries.

It is important to note that EU adequately reacts and uses the opportunities offered by Azerbaijan. Reliable energy supply is advantageous to all importing, exporting and transiting countries. Therefore, such efforts must be supported by a strong political will.

We sincerely hope to see Azerbaijan taking a more intensive part in Europe after creation of the Odessa-Brody-Plotsk-Gdansk energy corridor. At the moment it is one of the most real projects in this field. We must focus on its successful implementation. The feasibility study of the project has been already designed and it would be symbolic to commence practical implementation after an energy summit in Baku – a city through which the oil corridor passes.

Hits: 195 | Published: 13 November 2008 | Category: News | More...

GREEK ENERGY POLICY FOCUSES ON NETWORKS INTERCONNECTION: MINISTER

Greece’s energy policy focuses on interconnection seeking to take advantage of its fundamental role in the transportation of oil and natural gas supplies from the Black Sea and Caspian Sea to Europe, Development Minister of Greece Christos Folias said at Southeast European Economic Forum in Sophia, ANA-MPA reported.

“Greece has proven it is a reliable partner in large scale initiatives, seeking to dynamically promote significant growth targets,” Folias said.

Minister said the Greek position is clear: energy balance is a precondition for peace and prosperity. That’s why efforts to develop synergies must be continuous, overcoming hesitations and delays.

Hits: 214 | Published: 13 November 2008 | Category: News | More...

RUSSIA CONSIDERABLY FEELS CONSEQUENCES OF WORLD FINANCIAL CRISIS

RUSSIA CONSIDERABLY FEELS CONSEQUENCES OF WORLD FINANCIAL CRISIS: FINANCE MINISTER

“Russia considerably felt consequences of the world financial crisis,” Aleksey Kudrin, the Russian Vice-Premier and Finance Minister, said in his. His speech at the Russian Parliament was aired lively via Vesti TV channel.

“In 2009 growth of the world economy will be the lowest over the past 20 years,” Kudrin said.

According to Kudrin, the International Monetary Fund (IMF) lowered forecasts on growth of the world economy to 2.2% in 2009, which testifies the lowest growth rate of economy in 2009. It is expected that growth of the world economy will make up 3.7% in 2008. Growth of the Gross Domestic Product (GDP) will drop by 0.25% in the developed countries, the IMF said. The Fund forecasts cut in the GDP by 0.7% in the United States and by 0.5% in economy of the Euro-zone countries in 2009. Growth rate was lowered in developing markets, including Russia.

It means that demand for the Russian export goods will considerably lower and such tendency will last in 2009, Kudrin said.

Hits: 224 | Published: 13 November 2008 | Category: News | More...

ENERGY DEPARTMENT SECRETARY

US SUPPORTS CREATING ROUTES OF ENERGY RESOURCES DELIVERY FROM CASPIAN REGION: ENERGY DEPARTMENT SECRETARY

“The United States still supports creating independent and commercially stable and competitive routes which will allow to deliver energy resources from the Caspian Sea to east, west, north and south,” Samuel Bodman, Secretary of Energy Department of the United States said, according to press release by the US Embassy issued on November 12.

“Doubtless, the right management will allow the energy potential of this region to ensure economic growth for all people living in the region and investors. We can hope that additional energy projects and reliable network of pipelines will be created to secure transportation of oil and gas to Western markets by continuing propaganda on favorable investment climate,” Bodman said.

Secretary of Energy Department of the United States will arrive in Baku as head of the US delegation to attend 4th Energy Summit where Washington’s commitments on development of South Energy Corridor and delivery of Mediterranean and Caspian oil to world markets will be discussed.

Hits: 193 | Published: 13 November 2008 | Category: News | More...