Azernews.Az

By Sara Rajabova

Cooperation prospects between European Union (EU) and Azerbaijan were discussed in an event held under the EU`s regional energy co-operation program (INOGATE).

The event co-organized by Azerbaijan`s Ministry of Energy and INOGATE Technical Secretariat was held in Baku on July 17, AzerTag news agency reported.

The participants discussed a range of issues, including developing energy resources, energy statistics, increasing the efficiency of standards in energy policy, as well as problems and prospects of Azerbaijan`s energy sector.

Addressing the event, representative of Azerbaijan's Energy Ministry, Iftikhar Huseynov and Head of Operations Section of the EU Delegation to Azerbaijan, Federico Berna highlighted Azerbaijan`s success in energy sector and laid out the details of the assistance to be given by the EU to Azerbaijan in near future.

INOGATE experts talked about the experiences of the EU which cover strategic role of statistics for energy market development, energy policy strengthening, as well as approximation of standards, the need for energy efficiency and mechanisms for its promotion.

The event aimed to provide an effective forum for continued dialogue and enhanced cooperation between INOGATE and Azerbaijan's main energy players.

INOGATE is an EU-funded program promoting international energy co-operation between the EU and Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, Ukraine, Uzbekistan and Armenia.

INOGATE's activities focus on four key areas: convergence of energy markets on the basis of the EU principles; enhancing energy security; supporting sustainable energy development; and attracting investment in energy (particularly in Sustainable Energy) projects of common and regional interest.