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Home >> Business
UPDATED: 11:04, December 07, 2005
"Central Asian Energy Market: Trends and Prospects"
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The economic growth of modern states is largely dependent from energy security, the component part of which is regular supply of necessary volume of hydrocarbons and produced electric power to industry and private sector.

In the nearest future an actuality of the energy security issue will increase further. It will be caused, on one hand, by a growth of needs in energy sources of leading economic regions such as South and South-Eastern Asia, EU, North America and Far East, on another hand, by an exhaustion of irreplaceable energy resources, such as oil, natural gas and coal, in several parts of the world, for example in North Sea, Indonesia and others.

Moreover, political processes in Near East, Latin America and Africa influence and will continue to influence negatively on regular supply of energy sources to highly industrialized regions of the world. In order to prevent crisis on global energy market, the international community makes efforts to increase extracting of energy resources by producing countries including OPEC, Russia, Norway and others, as well as to create conditions for developing other regions of the world and working out new transport and transit routes to the leading world markets.

The Caspian-Central Asian region, which is one of the most promising among oil, gas and other energy producing regions, plays specific role in these plans. Geographic location of the region allows to establish energy supplies to the European, Chinese, South Asian and, to some extent, to North American markets. In this regard, the Conference held by the CPS is aimed at addressing the issues of valuation of regional energy potential �C proved, extractive and estimated oil, natural gas and gas condensate resources, perspectives of hydrocarbon extracting, capacity of producing energy resources as well as attracting foreign investments in mining and exploring of oil-fields and gas deposits. Moreover, it is scheduled to make comprehensive analysis of oil, gas, transport and transit potential of the region, estimate an effectiveness of traditional export routes of hydrocarbons and define prospects to develop new ones. Within the frameworks of this topic it is expected to touch upon possible factors which have influence on transporting of oil and natural gas from Central Asia, including economic expediency, new forms of mutually beneficial cooperation between producing, transiting and consuming states, competition from hydrocarbon producers outside the region.

One of the key topics of the Conference will be the monitoring of the situation in existing and potential consuming markets of Central Asian oil, natural gas and other energy sources. In particular, an accent will be on analysis of the situation in producing, consuming and importing of hydrocarbon resources on the CIS markets. It is expected to estimate an extent of readiness of consumers and buyers to development of energy dialogue with Central Asian countries.

The Conference will specifically focus on the issue of energy ties in the frameworks of the SCO which become one of the most important pillars for further development of economic and political partnership between member-states of the Organization. Its expediency is proclaimed by the fact that permanent members and observers of the SCO are both great world hydrocarbon producers like Russia, Iran, Kazakhstan and Uzbekistan, and leading consumers with the highest rate of oil and gas consumption in the world -- China and India.

As the final outcome of the Conference it is expected to establish and widen the contacts among leading experts, economists, political scientists, and also companies specializing in energy sector, as well as to create conditions for their effective cooperation in future.


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