On 21 December 2020, the International Energy Charter Industry Advisory Panel (IAP) held its 44th Session. The event, which took place virtually through Zoom, was hosted by SOCAR and was attended by the Panel members, representatives of energy companies and associations.
The meeting participants were welcomed by Dr Urban Rusnák, the Secretary-General of the International Energy Charter, Murad Heydarov, Advisor to SOCAR President and CEO of SOCAR Balkans, and Rafael Cayuela, IAP Chair and Corporate Chief Economist and Strategy Director, Dow.
The meeting was divided into two sessions. The first part of the meeting was dedicated to the IAP internal procedures, joint message by the former and current IAP Chairs, the programme of work for 2021, and Energy Investment Risk Assessment (EIRA) report. The Second, thematic session focused on the role of natural gas as a transition fuel. The interventions addressed important topics, such as the energy transition of SOCAR, opportunities and perspectives for gas and hydrogen transit through the Southern Gas Corridor, and the ECT modernisation process. Both sessions included discussions among the panellists and participants of the meeting.
The Industry Advisory Panel is the expert consultative body to the Energy Charter Conference, providing policy advice from energy companies, international business associations and financial institutions on energy investment and the functioning of energy markets. The Panel includes members from all sectors of the energy industry and from a wide range of Member and Observer countries to the Energy Charter Treaty.