REW to include global summit of energy ministers

September 28, 2018

A global summit of energy ministers representing more than 30 countries will take place on 3 October 2018 during Russian Energy Week.

The session ‘The Effectiveness of Energy Regulation: General Approaches and Divergence Between Countries’ will be devoted to public policy issues in the global energy sector.

Officials invited to the plenary discussion include Minister of Energy of the Russian Federation Alexander Novak, Minister of Energy and Industry of the State of Qatar Mohammed Bin Saleh Al-Sada, Minister of Mining and Energy of the Republic of Serbia Aleksandar Antic, Minister of Energy of the Republic of Belarus Viktor Karankevich, Minister of Oil of the Islamic Republic of Iran Bijan Namdar Zanganeh, Minister of Mines and Hydrocarbons of the Republic of Equatorial Guinea Gabriel Mbaga Obiang Lima, Minister of Foreign Affairs and Trade of Hungary Peter Szijjarto, and Minister of Energy of the Republic of Azerbaijan Parviz Shahbazov, among others.

The session will be moderated by Secretary General of the World Energy Council Christoph Frei.

Given the overall challenges caused by the climate agenda and the technological revolution, countries need to address global issues concerning long-term energy and environmental security taking into account the balance of interests of consumers and producers when making tariff-related decisions.

During the session, the energy ministers will exchange experience in the effective regulation of the industry from the standpoint of its investment appeal, energy security, and budget efficiency. The summit participants will have to find answers to the question of how new factors such as the spread of electric vehicles, trade wars, and technological inequality, among other things, could affect changes in state policy and how we should most effectively prepare for a possible ‘black swan’ in the global energy sector. 

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