Nurlan Nogayev: "Kazakhstan is interested in gaining access to new energy markets"

On December 17, the Minister of Energy of the Republic of Kazakhstan Nurlan Nogayev made a speech in the format of a video conference at the 31st meeting of the Ministerial Conference of the International Energy Charter (IEC), the press service of ME of RK reported.

The Ministerial Session of the Energy Charter Conference traditionally serves as a platform for the participation of high-level representatives of the governments of the Charter member states, international organizations and energy company leaders in policy dialogue on the role of innovation and development of sustainable energy technologies.

The IEC is an international energy organization to promote intergovernmental dialogue between countries that export, consume and transit energy resources.

During his speech, the Minister of Energy of the Republic of Kazakhstan Nurlan Nogayev, emphasized the most pressing issues of the global energy agenda, as well as the importance of the process of modernizing the Energy Charter Treaty, including important areas for the country such as transit, investment protection and energy efficiency.

- Kazakhstan is interested in updating the provisions of the Treaty concerning aspects of dispute resolution, as well as investment provisions. We express our deep interest in ensuring that the following fundamental principles are taken into account when discussing transit issues:

• obtaining unimpeded access to new markets, as well as to the infrastructure of transit countries;
• creation of a unified legal framework for the transit of energy resources;
• reducing the risk and consequences of disputes;
• maintaining the balance of supply and demand in the energy market;
• maintaining a balance of economic interests, - noted in his speech the Minister of Energy of the Republic of Kazakhstan Nurlan Nogayev.

Unofficial translation