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The Global Energy Prize annually honors outstanding achievements in energy research and technology from around the world that are helping address the world’s various and pressing energy challenges.

Energy cooperation in Northeast Asia: international experts to determine joint projects at EEF-2018

A panel session "Energy Cooperation in Northeast Asia" will be held on September 11, within the framework of the EEF-2018. Leading international experts will discuss the joint projects in the energy sector and propose a plan for their implementation. The Global Energy Association on development of international research and projects in the field of energy organizes the panel session.

The unbalanced distribution of energy resources in Northeast Asia in the context of rapid growth in demand implies the need to ensure an adequate level of supply, which will stimulate the economic growth of energy importing countries. Despite the diversity of models of production and consumption of energy, the geographical proximity of Russia, China, Mongolia, and North and South Korea to one another may lead to mutually beneficial cooperation in Northeast Asia and the development of trade in energy resources.
However, energy cooperation in the region faces some difficulties: models of energy production and consumption vary in individual countries, approaches to energy tariff formation and legislative restrictions also differ.

Taking into account these factors, the heads of scientific institutes and academies and the heads of international organizations and associations will work out mutually beneficial solutions for boosting energy cooperation in Northeast Asia. Answering the question of how to ensure the transition to sustainable production and consumption of energy in the region, they will assess the role of the Russian energy sector and determine the steps needed to implement global projects to integrate the energy capacities of the countries participating in the dialogue. Also, the experts will discuss the establishment of multilateral scientific and technological cooperation in the energy sector to ensure energy security in Northeast Asia.
It should be noted that the eastern vector lays in a priority area for Russia's energy sector development in the 21st century. President Vladimir Putin has already announced the need to enter the electricity markets of the APR countries and supported the initiative to create the large Asian energy super ring. The session "Energy Cooperation in Northeast Asia" is supposed, among other things, to consider these issues.

The session will be held on October 11, from 10.00 to 11.30.
Venue: Building B, Level 6, Conference Hall No. 6.

Session Moderator:

Chung Rae Kwon —Member of the Global Energy Prize International Award Committee; Nobel Peace Prize Laureate;  Professor Emeritus, Incheon National University.

1. Lee Bu Young — Honoured President, PEACE ASIA Corporation
2. Oleg Budargin — Vice Chairman for Regional Development, World Energy Council (WEC)
3. Liu Hongpeng — Director, Energy Division, The United Nations Economic and Social Commission for Asia and the Pacific
4. Kim Jin Hyun — Chairman, World Peace Forum
5. Lee Jong Ho — President, Korea Scientific Writers Association 
6. Alexander Sergeev — President, Russian Academy of Sciences
7. Wu Xuan — Deputy Chairman, Global Energy Interconnection Development and Cooperation Organization (GEIDCO)
8. Yeren-Ulzii Batmunkh — Head of Investment and Production Division, Ministry of Energy of Mongolia
9. Wang Jun — Senior Engineer, Electric Power Planning & Engineering Institute (EPPEI)

The Eastern Economic Forum is a unique international communication platform for interaction between representatives of business, political circles, expert and media communities in Russia and countries of the Asia-Pacific region. Key Topic of EEF-2018 is The Global Far East: International Projects for Cooperation.

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