Baku. TurkicWorld:
The US is excited to see what can be accomplished at COP 29, especially in terms of trans-Caspian opportunities for clean hydro power, Geoffrey Pyatt, the Assistant Secretary of State for Energy Resources at the U.S. State Department, said, as he addressed the fifth annual Caspian Business Forum in New York, TurkicWorld reports.
He went on to highlight the need for both interregional and intraregional cooperation in supplying the energy-rich Caspian region’s resources to world markets. “I’m acutely sensitive to the fact that the Caspian region and Central Asia have work still to do in terms of interconnections, both for gas, but also crucially for power, and especially in a world that’s seeing the rapid acceleration of investment in clean power.”
Pyatt also commented on the region’s heightened importance in regard to the green energy transition, “We’re giving a systematic focus to the Caspian region, with a particular spotlight on COP29, centered around decarbonization, methane abatement, and how to manage the fossil resources. We’re excited to see what can be accomplished at COP 29, especially in terms of trans-Caspian opportunities for clean hydro power, but also to see the way the Caspian region can transport clean energy far afield.”
Pyatt concluded by saying that, “We are very eager to do what we can as the United States to help your region build that energy security. Over two years now, I’ve been working directly with the leadership in KMG and SOCAR, and the governments of Kazakhstan and Azerbaijan on opportunities to diversify crude oil export routes. Caspian natural gas transported through SGC is already playing an absolutely critical role in ensuring the energy security of the EU. And the U.S. believes there is more we can do in this space.”
