ADB supports energy projects that boost regional cooperation

Published in Economics
Wednesday, 30 March 2022 16:10

The role of financial institutions in supporting sustainable energy was considered at a special session of the international forum "Oil and Gas of Turkmenistan-2022" on Wednesday.

The forum delegates were presented with the main aspects of the development strategy of Turkmenistan for the next 30 years - until 2052. In this context, attention was paid to mechanisms for investing in the promotion of clean energy, stimulating the contribution of oil and gas companies to achieving the goals of the Paris Agreement to curb global warming. The latest trends in the financing of oil and gas projects were also analyzed.

Chang Ching Yu, Director of the ADB Resident Mission in Turkmenistan, was among the speakers at this session. He noted the importance of diversifying natural gas supplies, modernizing the transport infrastructure and developing the pipeline system, and introducing innovative technologies in this sector.

The speaker expressed ADB's readiness to facilitate financial support for energy projects that contribute to the intensification of regional cooperation. For more than 20 years, the Asian Development Bank has been supporting Turkmenistan in its efforts to develop the economy, assisting in the diversification of the country's export markets, and strengthening its regional relations, Chang Ching Yu said.

According to the cooperation program between Turkmenistan and the ADB, it is planned to support projects for the construction of power lines, the Turkmenistan-Afghanistan-Pakistan-India gas pipeline, as well as in the railway industry, in business and in the field of healthcare.

The international forum "Oil and Gas of Turkmenistan - 2022", aimed at attracting foreign investment in the country's fuel and energy complex, is held in a hybrid format. Its physical site is located in Ashgabat, to which, on the first day of the event, the national pavilion of Turkmenistan at the Dubai Expo was connected via a teleconference, from where representatives of a number of large companies spoke online.


Published in World
Saturday, 15 May 2021 13:15

On the 12th of May, 2021 in the conference hall of the Chamber of Commerce and Industry of Turkmenistan International Forum for Attracting Foreign Investments to the Oil and Gas Sector of Turkmenistan started its work in a hybrid format.

The organizers of this largest event in the hydrocarbon market segment are the Ministry of Finance and Economy of Turkmenistan, State Concerns “Turkmengas” and “Turkmennebit”, as well as “Turkmengeology” State Corporation. The sponsors of the Forum are “Turkmen Forum”, GaffneyCline, TAPI, TNGZIT and others.

The purpose of the Forum is to expand the opportunities for attracting foreign direct investments to the oil and gas industry of Turkmenistan and strengthen the regional dialogue on the further sustainable development of the energy sector.

The International Forum is attended by the heads of leading national and international companies as SOCAR, CNPC, NaPeCo, Buried Hill, Dragon Oil, Petronas. ARETI, LG International and others, the heads of such financial institutions as World Bank, Asian Development Bank, Islamic Bank for Development and others, as well as experts who shape the future of the branch in  the regional scale.

At the beginning of the event Deputy Chairman of the Cabinet of Ministers of Turkmenistan Shahym Abdrakhmanov read out the Welcome Address of the President of Turkmenistan Gurbanguly Berdimuhamedov to the participants.

Within the Forum, Minister of Finance and Economy of Turkmenistan M.Serdarov, the heads of the State Concerns “Turkmengas” and “Turkmennebit”, President of SOCAR company R.Abdullaev, UN Resident Coordinator a.i. for Turkmenistan, UNICEF Representative in Turkmenistan Christine Weigand, Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to Turkmenistan Qian Naicheng, Vice Chairman of the Executive Committee – Executive Secretary of CIS I.Nematov, Executive Secretary of the UN Economic and Social Commission for Asia and the Pacific A.Alisjahbana, International Energy Forum (IEF) Secretary General J.Mcmonigle, as well as Presidents, Vice-presidents of the leading international companies, Ambassadors of some countries and other participants of the Forum made their presentations.

The Forum started with the plenary session titled “Global Trends in Energy Markets and Prospects for Mutually Beneficial Cooperation”. Then the event continued in four sessions, such as “Role of Financial Institutions in Supporting the Global Energy Agenda”, “Pipeline Projects as a Driving Force for the Transition to a Low Carbon Future”, “Offshore Fields of the Caspian Sea: Development Experience and New Investment Opportunities” and “Investment Projects in Monetization of Hydrocarbons – A Glance to the Future”.

The Forum will continue its work on the 13th of May. On that day it is envisaged the discussion of the issues of exchange of experience in processing and purification of natural gas with high sulphur content, treatment of bottomwhole zones of wells drilled in carbonate gas reservoirs and others.

Georgia will host International Forum on Nuclear and Radiological Challenges in the Black Sea Region

Published in Politics
Tuesday, 04 October 2016 17:19

The International Forum – “Nuclear and Radiological Challenges in the Black Sea Region: Causes, Consequences and Response Measures” will hold on 5-6 October. The forum is supported by the Foreign, Interior and Defence Ministries of Georgia, the UK Department of Energy and Climate Change and the US Department of State.
One of the main issues of discussion is the threats coming from nations outside the control of territories and its influence on international nuclear security. The sides will also discuss international, regional and national mechanisms which will decrease nuclear and radiological terrorism threats. One of the aims is deepening cooperation and dialogue.
Georgian and foreign experts and officials from US, Europe and Black Sea Region will take part in the forum called “Nuclear and Radiological Challenges in the Black Sea Region: Causes, Consequences and Response Measures”. 

Eka Beselia to participate in the International Forum

Published in Politics
Monday, 04 July 2016 14:42

Chair of the Human Rights and Civil Integration Committee, Eka Beselia will participate in the international forum organized in the Human Rights Committee in London. She will deliver the presentation on achievements and novelties of the Committee. The event is organized by the Westminster Foundation for Democracy. The Westminster experts on human rights and Parliamentarism issues estimated the activity of the Human Rights Committees of Georgian, Croatian, Macedonian and other Parliaments and issued the recommendations.
The Human Rights and Civil Integration Committee successfully implemented all the recommendations gaining highest results amongst other countries. Georgia was evaluated as the most successful country implementing the recommendations.
Ms. Beselia will share the positive experience in her speech and will speak about the novelties established by the Committee and the establishment ways. The new formats established envisage enhancement of Parliamentary oversight on implementation of international standards of human rights.
The event will as well be attended by the Deputy-Chair of the Committee, Gedevan Popkhadze and the Committee member, Merab Kachakhidze.

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