The meeting brought together senior representatives from BP, SOCAR, TANAP, Axpo, TAP AG, Fluxys, Edison, European Commission, EBRD, World Bank, Albpetrol, Black Sea Trade and Development Bank, Japan Oil, Gas and Metals National Corporation, EUROGAS, Mitsubishi Corporation International, Enagas, Plinacro, TIGF, Swissgas, Gaz-System, Gasunie, General Electric, Eustream and others.
The participants addressed the issue of opening up the Southern Gas Corridor and how it might influence future gas flows to Europe from the Caspian Basin, Central Asia, the Middle East, and the East Mediterranean Basin. They also discussed how to enhance the potential impact of all investment projects on the EU gas security of supply architecture.
The meeting allowed for discussion on the added value of the Energy Charter Treaty, namely its transit and investment provisions for the development of giant upstream projects and transportation routes. The meeting clearly showed the essentials of the Industry Advisory Panel which was created as a broad platform for a dialogue between energy industry and financial institutions.
The Industry Advisory Panel also validated the membership requests of John Crane, Energoatom, China's Electric Power Planning & Engineering Institute, The Prince of Wales’s Corporate Leaders Group, R-square RiskLab. Currently the IAP has members from 52 energy companies, international associations and institutions from 23 countries operating in fields like exploration, production, generation, transmission, distribution, finance, equipment, services, technology and consultancy.