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EU interests in the Caspian Sea Region including FDI and Trade Yelena Kalyuzhnova Director, The Centre for Euro-Asian Studies, The University of Reading, UK ECE/UN Workshop “Trade, business and investment in a wider Europe” 7 April 2003 , Geneva. Contents.

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  1. EU interests in the Caspian Sea Region including FDI and TradeYelena KalyuzhnovaDirector, TheCentre for Euro-Asian Studies, The University of Reading, UK ECE/UNWorkshop “Trade, business and investmentin a wider Europe”7 April 2003, Geneva

  2. Contents • European Union: Dependence on Imports • Physical Infrastructure of the Caspian Region • European Investment in the Caspian Energy • EU-CaspianTrade: The Example of Gas • EU Energy Charter Treaty

  3. UPSTREAM PRESENCE European energy companies involved in E&P in the Caspian Source: Centre for Global Energy Studies, London

  4. Transit Routes • Fragile • Security remains a substantial problem • Finding alternate land-sea routes is a difficult venture

  5. Caspian Region – Oil Pipelines

  6. Inflows of FDI in Caspian Region Economies,1993-2001, mln. US $ Source: UN/ECE Common Database, derived from national and CIS statistics.

  7. Structure of FDI in 2001, % Source: Azerbaijan in XX Century, State Statistical Committee of Azerbaijan Republic. Baku, Statistical Yearbook of Kazakhstan, 2002 ; The Centre for Euro-Asian Studies.

  8. EBRD has interests in 13 energy-sector projects and an exposure of €650 mn Source: EBRD database.

  9. Principal Exports in Caspian Region Economies, 2001

  10. EUROPE’S GAS IMPORTS Source: Centre for Global Energy Studies, London

  11. EU ENERGY CHARTER • Investment Provisions • Transit Protocol

  12. EUROPE IS THE NATURAL MARKET FOR CASPIAN OIL AND GAS Source: Centre for Global Energy Studies, London

  13. Conclusion • The forthcoming EU enlargement will change the energy landscape of the European continent and will have a significant implications for EU energy markets. • The opening of new EU gas and power markets to the east will produce main challenges as well as wide opportunities for investment and trade. • European energy interests in the Caspian region include: the involvement of European energy companies in the region and a growing interest in the Caspian region as a current and future source of energy for use in Europe itself.

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