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The Minister of Qazaqstan Discusses ECT Modernisation

On 26 September 2019, Energy Charter Secretary General Dr Urban Rusnák, met with the Minister of Energy of Qazaqstan Mr Kanat Bozumbaev. The Minister welcomed the work undertaken by the Investment Unit of the Secretariat on the Energy Investment Risk Assessment (EIRA) project. He also expressed Qazaqstan’s commitment to the process of modernisation of the Energy Charter Treaty (ECT) and to the continuation of the secondment programme at the Energy Charter Secretariat

As far as energy production and trade concerns, Minister Bozumbaev informed about the continuous increase of crude export and increasing petrochemical investments in Qazaqstan. The most recent development is related to the opening of export of natural gas to China.  He also highlighted the role of the Energy Charter in supporting Qazaqstan ambitions in increasing levels of investment in renewable energy sources. Recently, Qazaqstan successfully introduced the auction model on the allocation of licences for solar and wind investments.

According to Minister Bozumbaev, the launch of the Astana International Arbitration Centre could result in closer collaboration between the Government of Qazaqstan and the Secretariat in terms of dispute resolution trainings and knowledge sharing.