SCO Energy Ministers Gather in Kazakhstan to Shape 2030 Energy Strategy
Key Ideas
  • Ministers from SCO member states met in Astana to approve a comprehensive energy strategy until 2030, emphasizing transit potential, balanced energy development, modernization, innovation, and efficiency.
  • The strategy, initiated by President Tokayev, aims to enhance energy security, diversify export routes, and promote renewable energy sources including hydrogen as a sustainable alternative.
  • Minister Satkaliev highlighted the importance of achieving consensus on balancing traditional and renewable energy sources to meet the specific national conditions of SCO countries.
  • Energy ministers discussed strategic approaches to enhance energy cooperation, attract investments, and foster growth in the energy sector among SCO member states, observer states, and dialogue partner countries.
The fourth meeting of the Ministers of Energy of the Shanghai Cooperation Organization (SCO) member states was hosted in Astana, Kazakhstan, under the chairmanship of Kazakhstan. The gathering focused on approving a comprehensive strategy for energy cooperation until 2030. This strategy, initiated by President Kassym-Jomart Tokayev, outlines key areas such as enhancing transit potential, diversifying export routes, balancing traditional and renewable energy sources, modernizing the energy sector, promoting innovation and renewable energy (including hydrogen), and improving energy efficiency. Minister Satkaliev highlighted the significance of achieving consensus on balancing energy sources according to each SCO country's national conditions. The ministers discussed strategic approaches to boost energy cooperation, attract investments, and ensure the sustainability and growth of the energy sector across SCO member states, observer states, and dialogue partner countries. They also exchanged views on the global and regional energy agenda, exploring opportunities for investments and financing in various energy projects and programs. The Shanghai Cooperation Organization serves as a vital platform for fostering dialogue and collaboration among its member countries. Energy cooperation plays a crucial role in the SCO's initiatives, driving development across various sectors, particularly the economic sphere. With SCO accounting for a substantial portion of the global GDP, territory, and population, the organization's emphasis on energy collaboration is instrumental in shaping the future of the energy industry.
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