Kazakhstan bids for chairmanship at Energy Charter Conference in 2014

Photo: Kazakhstan bids for chairmanship at Energy Charter Conference in 2014 / Oil&Gas

Astana, Kazakhstan, Dec. 4

By Daniyar Mukhtarov - Trend:

Kazakhstan has made a bid for the chairmanship of the Energy Charter Conference in 2014, a source at KazEnergy Association told Trend on Tuesday.

"Kazakhstan has made a bid for the chairmanship in the Energy Charter Conference in 2014," the source said. "In our opinion, Kazakhstan's chairmanship will make a certain contribution to the modernisation of the Energy Charter which protects the interests of energy producers."

"The issue of electing Kazakhstan as a chairing country at the conference must be solved during the 24th session of the conference, to be held in Cyprus on December 5-6.
KazEnergy Association has been participating in the negotiations on the main documents of the Energy Charter since May 2011.

"The main goal of Kazakhstan's participation in the negotiations on the Energy Charter Treaty is to discuss and participate in working out the documents to establish suitable mechanisms and rules of international cooperation in the energy sphere including trade and transit of energy resources, investment issues, dispute settlement and energy efficiency," the source said.

A Kazakh delegation will be headed by Deputy Chairman of KazEnergy Association Zhambulat Sarsenov at the session, the source said.

The Energy Charter Treaty of 1991 which is sometimes referred to as the European Energy Charter is a political declaration designed to promote energy cooperation between East and West.

The Treaty was signed in December 1994 and came into force in April 1998. It was worked out on the basis of the Energy Charter Treaty of 1991.

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