"Geopolitical aspects are developing and, in this connection, we would like to expand energy cooperation with the Caspian Sea countries," he said at the ministerial conference for energy cooperation between the EU, Caspian Sea states and neighboring countries, which opened on Saturday in Baku.
According to Mr. Lamoureux, the EU countries invested over $1 billion to the development of the Caspian energy sector and helped create new communication structures in the region.
It is highly important to provide energy and food security in the Caspian region, he stressed.
The conferees are to discuss regional cooperation to consolidate security of energy supplies to the Caspian Sea region, in particular, the harmonization and convergence of the energy policy, including the legislative system and technical norms and standards in order to promote further integration of EU and Caspian energy markets. Moreover, it is necessary to raise the level of security, reliability and efficiency of the system of transportation of energy carriers, to attract investments and promote business cooperation.
In addition, the conferees will discuss further development of energy cooperation and the European Union's technical aid to the Caspian Sea states and neighboring countries.
Representatives of Azerbaijan, Armenia, Georgia, Belarus, Ukraine, Russia, Kazakhstan, Kyrgyzstan, Uzbekistan, Turkey and Iran participate in the conference.
