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12 Black Sea countries pledge to cooperate on energy

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  • 12 Black Sea countries pledge to cooperate on energy

    Europe Environment
    March 18, 2005

    TWELVE BLACK SEA COUNTRIES PLEDGE TO COOPERATE ON ENERGY.


    The twelve member countries of the Black Sea Economic Cooperation
    Organisation (BSEC) have pledged to cooperate on the creation of a
    regional energy market following an inter-ministerial meeting in
    Greece on March 4. The twelve Energy Ministers or their
    representatives signed a joint declaration. The signatories notably
    affirm their readiness to diversify energy transport options, adopt
    common ground rules, enhance transport safety and take account of
    environmental considerations. "Our aim is to expand the range of oil
    and gas exports, enhance cooperation in the electricity sector and
    create an environment conducive to investment in the region", said
    Greek Minister Dimitris Soufias. "The key word is networking. Black
    Sea and Caspian Sea energy sources must reach the European market",
    he added. Greece has held the revolving half-yearly presidency of the
    BSEC since November. The other members are Albania, Armenia,
    Azerbaijan, Bulgaria, Georgia, Moldova, Romania, Russia, Serbia and
    Montenegro, Turkey and Ukraine. Greece alone is both a member of the
    EU and NATO.
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