About 20 political decision-makers, high ranking business representatives and experts discussed in Munich at the »Energy Security Roundtable« (ESR) of the Munich Security Conference and the Frankfurter Allgemeine Forum the topic »Diversification Strategies« and other pressing issues of international energy policy.
The Energy Security Roundtable is part of a series of events on energy security organized by the Munich Security Conference (MSC) and the Frankfurter Allgemeine Forum, the highlight of which is the annual »Energy Security Summit«.
The ESR Munich took place at the sidelines of the 51st »Munich Security Conference« and provided selected leaders with the opportunity to interact in an exclusive circle and intimate atmosphere. Participants included, amongst others, Ilham Aliyev, President of the Republic of Azerbaijan, H.H. Sheikh Abdullah bin Zayed Al-Nahyan, Minister of Foreign Affairs, United Arab Emirates, Andrew Brown, Upstream International Director, Royal Dutch Shell and Johannes Teyssen, Chairman of the Board, E.ON.
The Roundtable discussed, amongst other things, the geopolitical and financial prerequisites to the realization of the projects »Trans Adriatic Pipeline« (TAP) and »Trans-Anatolian Natural Gas Pipeline« (TANAP). Possible benefits for the European Union of this diversification option from the Caspian area were identified.
Other discussants pointed out that in view of the declining oil prices no country in the world can afford dependency on one single energy source. Consequently, diversification strategies play a leading role for both importing and exporting nations.
Some participants feared that as a result of the falling oil prices, the investments of large energy groups might be considerably reduced. They believed that this might concern both projects to develop new energy sources and research expenditures in the field of renewable energies. Whether the drop in investments can be absorbed by public-private partnerships appears to be questionable in this regard.
Many participants drew the conclusion that a rapid development of alternative energy sources is an illusion, that Russian gas continues to be in the interest of Europe, and that there is a need for short-term diversification solutions.
The series of Energy Security Roundtables will continue in Delhi and Baku. The next »Energy Security Summit« will be held in Berlin on May 6 and 7, 2015, under the patronage of the Federal Minister for Foreign Affairs Frank-Walter Steinmeier and the Federal Minister for Economic Affairs and Energy Sigmar Gabriel. Other high-ranking decision-makers who have already confirmed their active participation in the conference are, amongst others, the President of BDI (Federation of German Industries) Ulrich Grillo, and the Omani Minister of Oil and Gas Mohammed bin Hamad Al Rumhy.
- Ilham Aliyev, President, Republic of Azerbaijan, Baku
- Abdullah bin Zayed Al-Nahyan, Minister of Foreign Affairs, United Arab Emirates, Abu Dhabi
- Christoph Beier, Vice Chair of the Management Board, Deutsche Gesellschaft für Internationale Zusammenarbeit, Bonn
- Peter Blauwhoff, Chief Executive Officer, Deutsche Shell Holding GmbH, Hamburg
- Andrew Brown, Upstream International Director, Royal Dutch Shell, The Hague
- Nikolas Busse, Deputy Foreign Editor, Frankfurter Allgemeine Zeitung (F.A.Z.), Frankfurt a.M.
- Reinhard Bütikofer, Vice Chairman of the Greens/EFA Parliamentary Group, European Parliament, Brussels
- Jürgen Grossmann, Chairman of the Board of Trustees, RAG Foundation, Essen
- Wolfgang Ischinger, Ambassador, Chairman, Munich Security Conference, Munich
- James L. Jones, General (ret.); former National Security Advisor of the United States of America; Senior Fellow, Bipartisan Policy Center; President, Jones Group International, Washington, D.C.
- Elmar Mammadyarov, Minister of Foreign Affairs, Republic of Azerbaijan, Baku
- Elshad Nassirov, Vice President for Investments and Marketing, SOCAR, Baku
- Carlos Pascual, Ambassador, former Special Envoy and Coordinator for International Energy Affairs of the United States of America; Center on Global Energy Policy,Columbia University, New York, NY
- Friedbert Pflüger, Director of the European Centre for Energy and Resource Security, King’s College, London
- Nicolaus von Rintelen, Novatek Gas and Power GmbH, Moscow
- Adam Daniel Rotfeld, Former Minister of Foreign Affairs of the Republic of Poland; Co-Chairman, Polish-Russian Group on Difficult Matters, Warsaw
- Michael Rühle, Head, Energy Security Section, Emerging Security Challenges Division, NATO, Brussels
- Samir Saran, Chairman and Chief Executive Officer, gTrade, New Delhi
- John Scarlett, Former Chief of the Secret Intelligence Service MI6 of the United Kingdom; Senior Advisor, Morgan Stanley, London
- Wolfgang Schüssel, Former Federal Chancellor of the Republic of Austria, Vienna
- Peter D. Sutherland, Former Chairman of the Board, BP, London; UN Special Representative of the Secretary General for International Migration; former Director General of the World Trade Organisation, London
- Johannes Teyssen, Chairman of the Board, E.ON SE, Düsseldorf
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