Kazakhstan seeks to chair 2014 Energy Charter Conference
Kazakhstan bids for the chairmanship of the Energy Charter Conference in 2014.
A source at KazEnergy Association told Trend news agency that Kazakhstan has already made a bid for the chairmanship in the 2014 Energy Charter Conference.
"In our opinion, Kazakhstan's chairmanship will make a certain contribution to the modernisation of the Energy Charter which protects the interests of energy producers," the source said.
The Conference will make a decision on a chairing country at its 24th session in Cyprus on December 5-6.
KazEnergy has been participating in the negotiations on the main documents of the Energy Charter since May 2011.
"The main goal of Kazakhstan's participation in the negotiations on the Energy Charter Treaty is to discuss and participate in working out the documents to establish suitable mechanisms and rules of international cooperation in the energy sphere including trade and transit of energy resources, investment issues, dispute settlement and energy efficiency," the source said.
The Energy Charter Treaty of 1991 which is sometimes referred to as the European Energy Charter is a political declaration designed to promote energy cooperation between East and West.
The Treaty was signed in December 1994 and came into force in April 1998. It was worked out on the basis of the Energy Charter Treaty of 1991.