Tbilisi/22.10.13/Turan-BS PRESS: Armenia , Georgia and Moldova joined the Eastern Partnership for Energy Efficiency and the Environment (Eastern Europe Energy Efficiency and Environment Partnership, E5P), the European Commission said in a statement .
Simultaneously, the international donor community has decided to increase the stock of this partnership at 70 million euros.
The donors are the EU countries plus Iceland, Norway, Ukraine, the USA, and now Armenia , Georgia and Moldova . Contributions are then used, in particular, in the schemes to raise funds at the national level and the international financial institutions, in particular, the EBRD, the EIB and the World Bank Group. Initially, the focus of the fund proposed in 2009, was Ukraine.
"The additional funding gives us the opportunity to support Ukrainian municipalities to provide sustainable and affordable heating for the population and to improve water quality. I am pleased that Armenia, Georgia and Moldova have decided to join the partnership," said the European Commissioner, Stefan Fule. The EC is ready to allocate these three countries 30 million euros to co-finance the energy efficiency projects of municipalities.
Eastern Partnership countries are faced with difficult conditions in the field of energy, according to the EC. Most of them are heavily dependent on expensive imported gas. On average, they are three times more energy intensive than the EU. -02D-
Economics
-
Turkey is in talks with the United States seeking an exemption from sanctions imposed on Russia’s Gazprombank, a key financial institution for energy transactions, to maintain gas payments to Russia, Energy Minister Alparslan Bayraktar said on Tuesday.
-
Kazakhstan is charting an ambitious course to transform its oil export infrastructure, aiming to increase annual shipments via the Baku-Tbilisi-Ceyhan (BTC) pipeline by more than thirteenfold—from the current 1.5 million tons to an estimated 20 million tons. The bold strategy, presented by Energy Minister Almasadam Satkaliyev during a parliamentary session, underscores Kazakhstan’s intent to become a major player in the energy supply chain stretching from Central Asia to Europe.
-
Two new vice presidents have been appointed at BP's Azerbaijan, Georgia, and Turkey (AGT) region division, according to a press release from BP-Azerbaijan.
-
Data on Azerbaijan's oil exports for January-October 2024 reveals a significant drop in both volume and value compared to the same period last year, highlighting the challenges facing the oil-dependent economy. The country exported 495,484.05 tons of oil products worth $309.02 million, a decrease of 40.3% in value and 40.7% in volume compared to 2023, when exports totaled 925,225.07 tons worth $572.21 million.
Leave a review