Russia keen on expanding investment in Egypt energy sector with Egyptian partners: REW Director - Foreign Affairs
Russia is looking forward to discussing expanding energy cooperation with Egyptian partners during the Russian Energy Week this October, according to Vladimir Zatyinaiko, deputy director of the Roscongress Foundation and director of the Russian Energy Week (REW).
Zatyinaiko told Ahram Online that Egyptian partners will join discussions at the forum on investment, logistics, and the development of energy infrastructure, including electricity, liquefied natural gas (LNG), renewable energy, and nuclear power.
His remarks came on the sidelines of the St Petersburg International Economic Forum (SPIEF), held from 18 to 21 June and organized by the Roscongress Foundation. This year's SPIEF was held under the theme: Shared Values: The Foundation of Growth in a Multipolar World.
Russian Energy Week will take place from 15 to 17 October in Moscow.
'Russian Energy Week is among the leading energy forums in the world with a participation of 82 countries,' Zatyinaiko said.
"During the Energy Week, we invite experts from all over the world. We have common projects with Egyptian partners. Closely working with Latin America, ASEAN, BRICS representatives, and the Shanghai Cooperation Organization. We expect this interview to bring even more attention to the event.'
He added: 'Russian Energy Week is a leading energy forum in the world. It is a key platform for discussing current issues and challenges in the energy sector worldwide. Our main goal is to gather at the same platform the representatives of the government, business, and the sector's experts to form common practices and define the future vision of the energy sector. REW grows annually, the business programme and the exhibition programme are improving each year.'
'In the context of the current world climate, I believe the Russian Energy Week unites people, and we are prepared to invite experts from all over the world during the Energy Week,' he said.
Zatyinaiko said that the forum had become more relevant in the context of sanctions and ongoing geopolitical tensions and attracted growing international interest.
'As our political climate is quite tense, the Russian Energy Week has become increasingly popular. The number of applications for participation is growing. I can say openly that we don't impose any sanctions and restrictions. We are ready to accept delegates and representatives of technologies and equipment in our country.'
He highlighted past activities and said several agreements had been signed in recent years between Russian companies and partners in Latin America, Asia, and Africa.
'We have also signed an agreement with the African Energy Chamber. The agreements are concerned with joint projects in the field of generation, infrastructure maintenance, equipment supply and technology transfer. Throughout the years, all the events that are held by the Roscongress Foundation raise questions that are important for the whole world's energy sector.'
He said input from other global energy forums would help shape this year's REW agenda.
'We have several similar world platforms, conclusions of which we will include in the Russian Energy Week agenda. Global dynamics are changing the relationship between countries. We are trying to use interesting formats in the business programme. We are introducing so-called energy talks. These are the limited topic meetings with the representatives of Africa, ASEAN, and BRICS, where specific scenarios of energy cooperation are going to be discussed.'
He added that plans were underway to expand the forum's programming.
'Plans for interesting business sessions, intellectual battles, developing the exhibition for the second year in parallel with the main event.'
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