Baku Initiative
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The Baku Initiative is a policy dialogue on energy cooperation between the European Union and the littoral states of the Black Sea, Caspian Sea and their neighbours. The initiative was announced on 13 November 2004 at the Energy Ministerial Conference in Baku. Second Ministerial Conference was held in Astana on 30 November 2006.
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[edit] Objectives
The aim of the Baku Initiative is enhancing integration of the energy markets of participating countries with the EU energy market to create predictable and transparent energy markets, capable of stimulating investments as well as security of energy supply. The objectives of initiative are harmonisation of the legal and technical standards with the aim to create a functioning integrated energy market in accordance with EU and International legal and regulatory framework; increase of the safety and security of energy supplies by extending and modernising the existing infrastructure, substituting the old and dangerous power generation infrastructures with environmentally-friendly power generation infrastructures, developing of new infrastructures and implementing a modern monitoring system of their operation; improvement of energy supply and demand management through the integration of efficient and sustainable energy systems; and promoting of the financing of commercially and environmentally viable energy projects of common interest. To achieve these objectives, the road-map was adopted at the Astana Ministerial Conference.
[edit] Partner countries of the Baku Initiative
The partner countries of the Baku Initiative are:
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The European Union is represented the European Commission (Directorate General for Transport & Energy; Directorate General for External Relations, and EuropeAid Cooperation Office)
[edit] Structure
The technical coordinating body of the Baku Initiative is the INOGATE (Interstate Oil and Gas Transport to Europe) Programme Technical Secretariat, which locates in Kiev. The Baku Initiative is implemented through the four working groups:
- Harmonisation of Legal, Regulatory and Institutional framework for market liberalisation (divided into Electricity and Gas Market Integration sub-groups)
- Enhancing Safety and Security of Energy Transportation Networks
- Sustainable development
- Investment Attraction and Project Facilitation
[edit] See also
[edit] External links
- Baku Initiative website by the European Commission (DG RELEX)
- Baku Initiative website by the European Commission (DG TREN)
- Ministerial Declaration on Enhanced energy co-operation between the EU, the Littoral States of the Black and Caspian Seas and their neighbouring countries, 30 November 2006, Astana
- Results of the 2nd Meeting of the Working Groups in 2006 on the ‘Baku Initiative’, INOGATE Secretariat, 16 July 2006
