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Central Asian Ambassadors Energy Roundtable Held in Brussels

On 2 July at TUSIAD, the Brussels Energy Club hosted an interactive in-person discussion – Central Asian Ambassadors Energy Roundtable: Priority areas for investment and business cooperation with the EU following the European elections.


The following speakers presented at the event:


H.E Aidit Erkin, Ambassador of Kyrgyzstan to the EU

H.E. Sapar Palvanov, Ambassador of Turkmenistan to the EU


H.E. Bold Luvsanvandan, Ambassador of Mongolia to the EU


Beibit Kulatayev, Embassy of Kazakhstan, Brussels

Firdavs Usmonov, Deputy Ambassador of Tajikistan to the EU


Anvar Muminov, Embassy of Uzbekistan, Brussels

Marat Terterov, principal representative of the Brussels Energy Club, served as the moderator and master of ceremonies.


Background:


Central Asia has finally arrived on the European map when it comes to a strategic energy partnership with the EU and its member countries. As a vast, once largely undiscovered region linking China to Europe during the 1990s, Central Asia now plays a pivotal role in connecting and enabling the Eurasian economy. And the countries of the region are booming – particularly when it comes to the energy sector.


Spurred by a rapid, post-Covid economic recovery, the region is confirming its place as a vital cog in the international supply chains running along the Middle (trans-Caspian) Corridor. Energy forms a major part of the traffic running along the Corridor, with billions of Euros already invested into the development of infrastructure enabling trade to flourish and the countries along the corridor to grow wealthier.


The region, however, should by no means be seen only as an investment opportunity in the energy transport infrastructure sectors. Much of the raw materials required by the region’s international partners lies abundant in Central Asia and has already attracted many established players from Europe and well beyond.  

 

The region itself is likewise a host to a plethora of renewable energy projects – large-scale investments from the Gulf countries flowing into Central Asia are now almost a daily item in the international media. Electricity demand is growing in the region exponentially and much of the new generation capacity will come from renewable energy sources. This is unlikely to deter the region’s demand for conventional fossil fuels, with natural gas in particular set to play a key role in fuelling regional economies. Commercial activity in the areas of carbon capture and storage, methane emissions and carbon trading is also set to rise. All of this represents a tremendous business opportunity, as the energy sector continues to drive secondary markets right across the entirety of the Central Asia region.


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