Baku, Azerbaijan, Dec.27
By Leman Zeynalova – Trend:
Global energy market architecture is characterized by the density of the dynamics surrounding the supply and demand for energy, reinforced by the discrepancies amongst economies, poverty level, repartition of the resources, and the climate change issues, Gas Exporting Countries Forum (GECF) told Trend.
“Energy security and sustainable development are on the top agendas of governments, policy makers and international organizations. GECF is committed to ensure security of gas supply to the world, to contribute to the achievement of sustainable development goals (SDGs) and to dialogue on these issues with its partners and all market stakeholders to balance the gas market based on a Win-Win situation,” said the organization.
GECF said it believes that the roadmap to achieve the objective of energy security and sustainability undergoes challenges and risk factors, in many areas.
“We in GECF recognize, in our long-term strategy, the importance of long term contracts to achieve a balanced risk sharing mechanism between the producers and consumers as a way of promoting the necessary investments in the gas value chain.”
Additionally, stability in partnership (financial, economic, business, technological…), will be through cooperation, transparency, dialogue, sharing know-how, best practices and lessons learnt, amongst all market stakeholders based on a Win-Win situation, will facilitate the promotion of natural gas in the frame of the SDGs (eradication of poverty, access to affordable and clean energy,..), according to the organization.
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