Russia, ASEAN plan to enhance energy cooperation

By , in Asia Business Economy Nation on .

JAKARTA, Nov 2 — Russia and ASEAN countries have expressed the need to advance and expand energy, technological and industrial cooperation in the energy industry.

Participants from both sides gathered in Moscow for the Russian Energy Week International Forum 2022 held on Oct 12-14, according to the organiser, Roscongress Foundation, in a statement today.

It said they also discussed the need to increase the supply of Russian energy resources to Asia-Pacific and build joint operations in ASEAN countries to respond to customer requests.

Following talks on the sidelines of the forum, it said the Russian Energy Agency and the ASEAN-Russia Business Council have planned practical steps to promote a platform for collective energy security in the region.

energy

Russia-ASEAN Business Council chairman Ivan Polyakov said Russian fuel and energy companies have an opportunity to become a factor in the energy stability and security of ASEAN countries.

He said the companies could take part in oil and gas exploration and development and in major infrastructure projects, including liquefied natural gas expansion, nuclear power, hydropower and renewable energy.

“There is also a lot of scope for Russian designers and engineering companies to participate in ASEAN projects,” he said, adding that their participation in ASEAN countries is very limited currently.

Meanwhile, Roscongress Foundation said the next series of talks with potential partners would take place at the ASEAN Business and Investment Summit in Phnom Penh, Cambodia on Nov 9-10, ahead of the upcoming ASEAN Summit.

NMT as reported by Bernama

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