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The third international CEDEF Energy Forum – Nis (Serbia), Septempber 21, 2012

Under institutional auspices of the Ministry of Energy, Development and Environment of the Republic of Serbia and sponsorship of the Public Enterprise “Electric Power Industry of Serbia” and in cooperation with Energy Efficiency Agency of the Republic of Serbia and E3 Podgorica, Central European Development Forum, CEDEF, organizes the Third International CEDEF Energy Forum: “Energy supply and energy security in South-Eastern Europe”, on September 21st 2012 in Nis.

The Forum will be opened by Zorana Mihajlovic Phd, Minister of Energy, Development and Environmental Protection of the Republic of Serbia and the participants will be welcomed by Zoran Perisic Phd, Mayor of Nis.

The Third International CEDEF Energy Forum: “Energy supply and energy security in South-Eastern Europe” aims to highlight the ways and possibilities to increase energy security by comprehensive analysis of energy resources and reserves and existing infrastructure for energy distribution in the region of Southeast Europe, and to provide suggestions for improving this sector.

Thematic areas of the Forum:

  • Energy supply and energy security
  • Technology to energy security – the latest technological solutions
  • Financing Energy Projects
  • Bilateral meetings – project holders, financial institutions, investors

Energy security, economic development and efficiency of environmental protection, have long been the main objectives and correlated to national economies. Particularly when even after more than 30 years since the first energy crisis is not fully resolved the most important equations of the global world – providing sufficient energy, in economic, and environmentally friendly way, because the demand for energy is constantly increasing.

Energy security and economy of one region can be achieved through the safety delivery of energy  and security of energy supply. There are many critical points of the future energy status in region, primarily insufficient number of energy capacity, with the constant growth of demand for energy. The average annual growth rate of demand for energy in the JIE region is estimated at 2.3%, which is twice more than the previous decade.

The opportunity that stands before south-eastern Europe to become the largest hub for the transit of gas from the Middle East, Central Asia and the Caspian region to EU consumers, can be used only with well-developed infrastructure. The investment climate is still in many countries is insufficient suitable for investors, especially from the standpoint of their protection (politics, legislation, regulation, tariff reform).

According to assessments by the Institute for Energy of Southeast Europe (IENE), in the development of energy infrastructure in South Eastern Europe by 2020. it is necessary to invest some 240 billion Euros, while in Serbia is necessary to invest around 1.5 billion Euros. Investments in Serbia include the construction of gas infrastructure, modernization of refineries, power plants construction and investment of 600 million Euros in renewable energy. With 240 billion Euros, which is necessary to invest in the energy sector of region, around 55 billion Euros will be invested in the oil sector, some 90 billion into the area of power sector, 24 billion in gas area, and 20 billion in renewable energy sources.

More information on www.cedeforum.org.