The International Energy Agency (IEA) released a review of energy policies in 11 countries of Eastern Europe, the Caucasus and Central Asia that play a significant role in world energy security. Some countries, such as Azerbaijan, possess substantial oil and gas resources in the Caspian Sea, which offer game-changing potential for energy consumers in Europe and Asia. Other countries like Ukraine, Georgia and Belarus are important transit countries in the region, and their stability is paramount to energy security.
IEA Executive Director Maria van der Hoeven, DG NEAR Director for Neighbourhood East Gerhard Schumann-Hitlzler, and DG ENERGY Director for Energy Policy Mechthild Wörsdörfer, jointly launched the Compendium yesterdayin Brussels: “This energy compendium provides evidence-based policy recommendations for Eastern neighbourhood partner countries and Central Asia,” said Gerhard Schumann-Hitzler. “These recommendations need to be taken up by partner countries in order to reform their energy sector, to be more secure, efficient and sustainable.”
The reviews were conducted by the IEA in co-operation with governments of the partner countries, under the EU-funded INOGATE Programme.
- Publication date
- 14 April 2015
- Directorate-General for Neighbourhood and Enlargement Negotiations