Forum description

Second international energetics forum

Energetics potential of Eurasia

The Second International Energetics Forum EU – Eurasia Geopolitical Energetics Perspectives is a follow-up from last year’s Energetics – Economy Forum EU-Russia, that took place on 28th September 2017 in Split ( The Second International Energetics Forum is focused on energetics potential of Eurasia and its influence on EU interests, with special overview of Caspian region where Azerbaijan and Kazakhstan are significant energy stakeholders.

Growth of production of oil and gas

Dekanić „et al“ says: „However, during last ten years Azerbaijan and perticularly Kazakhstan have created investment opportunities for American and European oil companies, later to receive large ammounts of foreign funds for domestic oil and gas sector. Additional investments, application of modern technologies and enter into new export markets resulted in fast growth of production of oil and gas in the region“. (Igor Dekanić, Stevo Kolundžić, Daria Karaslihović. Century of Oil. Connection Between Oil, Money and Power That Has Changed the World. Zadro Publishing, Zagreb, 2004, page 438.)

Significant world reserves of crude oil

Regarding natural resources, Eurasia is one of the most important regions of the world. Except Russia, this broad term includes countries of Central Asia and Caspian region. Russian Federation itself, as well as Iran and Turkmenistan are among countries with largests natural gas deposits in the world. Besides, Eurasian countries Kazakhstan and Azerbaijan possess significant world reserves of crude oil. Energy resources from Caspian region should be observed from both transport technology and geopolitics viewpoint.


Importance of the wider Eurasia area countries

Dekanić „et al“ say: „Caspian oil and natural gas have strategic importance in energetics sector, great technological significance, especially in development of oil transport technology, but also a geopolitical significance, since they reduce dependence of European countries and American companies on oil from Middle East. (page 448.) All countries in this region have today historically complex bilateral relations despite numerous attempts for regional and subregional integration and interconnection. Dominant countries Russia and China, each driven by their own interests and motifs try to impose their influence. However, all countries are united in search for new energy markets and enlargement of the old ones – and for many countries this poses a great problem not only because of geographical distance from main customers and absence of sea routes, but also because of political situation and associated risks.


Greater collaboration with Europe

In the context of energetics, European Union recognizes a great importance of Central Asia and wider Eurasia countries, which constitute part of South energetics corridor, or are situated in its close vicinity.

Countries, like exceptionally gas rich Turkmenistan, which due to bad economic and political decisions became dependent on imports from China, are seeking greater engagement and collaboration with Europe. Energetics relations between countries are very complex: producers do not want competition, and transition countries like Turkey do not want monopolies and narrowed choice. For Republic of Croatia this region is interesting because diversity of import is part of energetics security. We already import much from Azerbaijan, Kazakhstan and Russia.


Possibilities of Croatia

But, in 21st century we can hardly be content with focusing and engagement in import. Possibilities of Croatia lie in expertise and technologies sucessfully retained by our oil and gas industry, which is certainly a good position for starting collaboration. Annually, South of Eurasia has a great number of sun-hours, and according to analysis of the International Energy Agency IEA, there is unutilized wind-power potential in this region.
Forum is taking place in time of increased conflict of the West and Russia, great geopolitical rearrangement of the world and confrontation of different models of globalization. In this vortex of globalization Croatia must, following its national interest, choose the best option to secure energetics security.
Participants of the Forum are coming from academic community, entrepreneurial sector, and politicians from Republic of Croatia and international community.


Purpose of the forum

– Purpose of the Forum is discussion about challenges and opportunities for interconnection of Eurasian and European Union countries in the energetics sector, encouragement of dialogue and initiative to reduce tensions with orientation towards economy, that is, „exchange game“ between EU and Eurasia.
– Deliberation about investment and business posssibilities in Republic of Croatia,
and opportunities for Croatian companies in Eurasian countries and establishment of new scientific and business contacts on international level, in the spirit of dialogue and tolerance in international relations, scientific and business/entreprenurial etics.
– Geopolitical deliberation of energetics policy in age of globalization under the influence of big players in energetics and economy.
– Considerations on relations between European Union and new Eurasian Union.
– Energetics position update of Republic of Croatia in contemporary global geopolitical game, disadvantages and advantages of alignment under different umbrellas of main global players in energetics sector