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EU4ENERGY to improve regional cooperation and energy infrastructure in South Caucasus

May 26, 2017

The first Regional Energy Summit for key stakeholders from Georgia, Armenia and Turkey took place in Tbilisi on 25 May. The Summit launched the regional dimension of the EU4Energy Governance project, which provides support to countries in the region to identify key regional energy infrastructure projects to foster trade and security of supply.

Participants shared experiences on energy sector development and discussed possible cooperation in energy markets and reforms expected from Georgia under the Energy Community Treaty, as well as the benefits of cross-border energy cooperation.

“The development of well-functioning trading platforms is key for a competitive electricity market in Georgia and its integration into a wider regional market, as well as being an objective under the Energy Community Treaty, which was recently ratified by the country’s Parliament,” said Energy Community Secretariat Director Janez Kopač. “EU4Energy Governance offers support to countries in the region to prioritise cross-border infrastructure projects following EU best practices. Further implementation of the projects will improve connectivity and enhance energy trade and security of supply,” he continued.

“Security of supply, energy trade and interconnections is a priority for the EU's energy agenda in the region. The EU stands by its partners and supports them through the EU4ENERGY programme, as well as investments in electricity generation and transmission, renewables and energy efficiency,” said Vincent Rey, Head of Cooperation at the EU Delegation to Georgia.

The EU4Energy component "Legislative and Regulatory Environment and Key Energy Infrastructure" is funded by the European Union and co-financed and implemented by the Energy Community Secretariat and the Energy Charter Secretariat. Its aim is to provide an improved legislative and regulatory framework in the area of energy and define key strategic energy infrastructure projects. The initiative covers six countries: Moldova, Ukraine, Armenia, Georgia, Azerbaijan and Belarus.

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