Speaking at the meeting, Dr Melvin highlighted the shared concerns of BSEC and the Energy Charter in promoting stable, efficient and open energy markets based upon cooperative and friendly relations in the Black Sea region. He noted that as the region faced increased turbulence as a result of the global economic downturn, the dramatic price fluctuations in energy products of recent times, and growing uncertainty surrounding investment in energy projects, multilateral forums could play a key role in mitigating negative developments. In this connection, Dr. Melvin highlighted the need to intensify the policy dialogue between BSEC and the Energy Charter on issues of common interest.