Asian Eneigy Strategy of the President Nursultan Nazarbayev
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LAST YEAR, THE PRESIDENT OF KAZAKHSTAN NURSULTAN NAZARBAYEV AT THE SUMMIT OF HEADS OF MEMBERS OF THE SHANGHAI COOPERATION ORGANIZATION HELD IN BISHKEK MADE A KEY STRATEGIC PROPOSAL, PRESENTING THE IDEA OF THE ASIAN ENERGY STRATEGY, WHICH WAS ABLE TO TAKE CROSS-BORDER ENERGY RELATIONS AND ENERGY SAFETY PROCESS TO A QUALITATIVELY NEW DEVELOPMENT STAGE. IT WAS NOT SURPRISING THAT THE PROPOSAL OF THE PRESIDENT OF KAZAKHSTAN FOUND A BROAD SUPPORT AND UNDERSTANDING.
Nо doubt the Asian continent is entering a new energy era. The situation in the Asian energy sector is characterized by growing risks and challenges requiring immediate joint solutions which would be consistent with sovereign interests and rights of all the countries involved.
The global need for energy resources continues to grow steadily. The global demand for energy will increase by at least 60% by 2030.
The Asian countries will suffer most from this problem in view of their economic growth rates and rapidly growing energy output of national economies which implies significant increase of energy consumption rates, especially for oil and natural gas. At the same time, the global energy sector is subject to high volatility, prices of energy resources cannot be predicted and their further growth can affect interests of all Asian countries. Despite the fact that Asia hosts largest energy producing countries, the energy supply/demand gap can be expected to grow in the foreseeable future, especially due to inevitable depletion of energy resources in the course of time. Unfortunately, Asia still lacks any system for international coordination of efforts and decisions relating to the energy sector and energy safety, first of all between consumers and suppliers of energy resources. This increases significantly the likelihood that unpredictable situations and misunderstanding will occur at the international level.
All these factors require that Asian nations develop a response in a concerted manner. Isolated national energy strategies are no longer capable of solving the entire variety of problems and challenges which become more realistic with time. The new energy era requires new and more efficient forms of cooperation, among which the Asian energy strategy proposed by the President Nursultan Nazarbayev may play a key, systematic role. In fact, basic provisions of the Asian energy strategy later supplemented by the concept of Asian energy dialogue, drafts of which were designed by the analytical group
of the association KazEnergy in close cooperation with the Ministry of Energy and Mineral Resources of the Republic of Kazakhstan, is a unique and the only meaningful tool towards ensuring the continental energy safety and cooperation. We are at the historic stage where our countries are able to establish an effective and flexible structure of energy relations which will allow us to significantly reduce any possible problems, and to strengthen international cooperation even despite any objective differences arising from levels of economic development, reserves of energy resource and aspects of energy safety. Acting in accord, based on shared strategy principles, Asian countries will be able to more effectively protect their interests in the energy sector and to prevent any possible negative scenarios and trends.
However, in view of the extent to which energy problems and challenges impact the support of economic growth, provision of national security and further improvement of people's well-being, Asian countries should start effectively cooperating under the Asian energy strategy as soon as possible. The creation of an effective system of Asian energy dialogue cannot be accomplished in the short term; this is a long-term and multi-aspect process.
The Asian energy system is not aimed to form an alliance against any third powers. On the contrary, the establishment of effective energy cooperation under the Asian energy strategy will serve as a model for other regions and countries and may provide a basis for developing new ways of interaction in the global energy market.
The success of the Strategy is based on the fact that Asian countries have enough tools and potential to achieve a high level of energy cooperation. A reliable and mutually beneficial partnership in various energy sectors will help ensure political and economic security and stability both in Asia and globally.