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Cooperate to Meet Energy Challenges - Sidelights of the First Eurasian Economic Forum Energy Cooperation Conference
The global energy crisis and the challenge of ensuring energy security are issues that no single nation can solve alone. International and regional cooperation is essential to address these pressing concerns. Over the weekend, more than 800 high-level representatives from over 10 countries across Eurasia—including China, Russia, Iran, Japan, Tajikistan, Kazakhstan, and Uzbekistan—gathered in Xi’an, an ancient city rich in history, for the inaugural session of the Eurasian Economic Forum. This event marked a significant step toward fostering multilateral energy collaboration.
At one of the forum’s key energy cooperation sessions, delegates explored ways to strengthen dialogue between energy-importing and exporting nations, establish effective cooperation platforms, and ensure long-term stability, sustainability, and security in oil and natural gas supplies. The discussions emphasized the importance of building trust and creating structured mechanisms to manage energy flows in a rapidly changing global landscape.
This was the first major dialogue on energy cooperation between European and Asian nations. Central Asian countries, which are strategically located at the crossroads of Eurasia, hold vast energy resources. Iranian Deputy Minister of Oil, Hosseinian, highlighted that Asia's economic growth is accelerating, and its energy demand is expected to rival North America within the next decade. Iran, as a key energy player in the region, serves as a vital "land bridge" connecting the Caspian Sea and the Persian Gulf. It is willing to collaborate with other countries to help meet the growing energy needs of both Asia and Europe.
Iran currently exports 60% of its oil to East Asia, 10% to Africa, and 30% to Europe. The country produces 260 million cubic meters of natural gas annually, with exports including liquefied natural gas and pipeline projects. Hosseinian noted that the gas pipeline project is a prime example of how natural gas from Iran or the Caspian region can be transported to Europe, ensuring supply stability for importing nations. Countries like Japan and India are seeking long-term bilateral agreements to secure their energy needs.
Uzbekistan, another major energy exporter, expressed its desire to expand its oil and natural gas exports to both Europe and Asia, while strengthening energy partnerships. Meanwhile, Tajikistan, despite having abundant hydropower potential, faces challenges due to low utilization rates and insufficient domestic energy supply. Tajikistan’s Deputy Minister for Energy, Silentev, called for increased investment in the sector through collaboration between financial institutions and energy companies, emphasizing the need for more support to develop its energy infrastructure.
Chinese energy expert Jiang Runyu stressed the urgency of discussing oil and gas cooperation, suggesting the establishment of a stable mechanism to reduce market volatility. He proposed setting rules for exploration, development, transportation, and reserves, as well as creating coordination bodies to facilitate energy cooperation between governments and enterprises. A clear framework for such cooperation, he argued, would be crucial for long-term energy security.
With global crude oil prices remaining high, international energy cooperation has become a critical path for all nations to ensure their energy security. Iranian Deputy Minister Hosseinian emphasized that regional collaboration is key, not only for securing energy supplies but also for addressing environmental risks. He pointed out that Iran has significant potential to contribute to regional energy stability.
Japan’s Senator Suzuki suggested sharing Japan’s experience in pollution control and promoting energy efficiency through the adoption of energy-saving systems. Long Yongtu, chairman of the Energy Cooperation Conference and Secretary-General of the Boao Forum for Asia, highlighted the practical significance of the Eurasian Economic Forum in enhancing energy cooperation, driving investment, and ensuring energy security across Europe and Asia. He hopes the forum will serve as a valuable complement to the Shanghai Cooperation Organization, offering a platform for government-business exchanges and fostering coordinated economic development across Eurasia.