16th CIS Energy Council Meeting Held in Yerevan

YEREVAN (Noyan Tapan)–"The problem of energy safety is top priority. One way to improve the situation–is through close cooperation between the CIS countries," Armenian Prime Minister Armen Darbinian said June 10 at the opening of the 16th meeting of the CIS Energy Council.

Problems in the sectors of fuel and energy are still "quite complicated."The government is working its hardest to effectively implement the sector’s financial resources in order to secure recovery."

Attending the meeting are representatives of Armenia–Belarus–Georgia–Kazakhstan–Kyrgyzstan–Moldova–Russia–Tajikistan–Ukraine–Iran–Japan as well as leaders of the CIS Energy Council Executive Committee and other international organizations. The meeting is to discuss the organization of domestic and interstate energy markets–develop acceptable relations with international energy organizations and organize the exchange of information in the energy sphere.

"CIS countries are ready to supply energy to the population and to cooperate with outside countries in the development of better markets for energy," Chairman of the CIS Energy Council Executive Committee Vladimir Jangirov told reporters. According to him–the CIS countries generate a total of 1,160 billion kW/h of energy. The current exports of energy total 20 billion kilo-watts per hour/h–which is twice as less as before. Moreover–energy is mainly supplied under short-term agreemen’s–long-term contracts are yet to be developed.

"Our task is to provide CIS countries with substantial energy potential with profitable markets in which to sell their energy," Jangirov said. He pointed out that there are several promising markets–especially in the north; cooperation already exists with Iran. Energy is also to be supplied to the Eastern Turkey.

The agreement "On energy supplies and transit," is to be established with foreign countries in attempt to further energy cooperation.

Also speaking at the opening of the Energy Council meeting was Armenia’s Minister of Energy– Meruzhan Mikaelian. "We are very hopeful to develop regional cooperation not only with the CIS member-states–but also with the energy-producing companies of neighboring countries,"

According to Mikaelian–Armenia’s government is working extremely hard to see to it that Armenia could meet its energy needs–while at the same time try to export energy to other countries.

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