There is a commitment to share and expand the regional cross-border energy grid for maximum energy security. Gas and electricity should flow where they are needed and deliver affordable and sufficient supplies to all corners of the region so that no customer is left behind.
There is a commitment to transform the energy sector from a government-owned and government-operated model, with vertical integration and subsidies, to a more market-oriented one. There is a pledge to build stronger institutions and regional market governance to support the process of market liberalization.
To address the challenges posed by climate change and ensure economic competitiveness, there is renewed attention to addressing energy efficiency and seeking a more diversified energy mix with a higher share of clean and renewable energy. Regional integration is also sought, to leverage more cost-competitive energy storage options.
The region is striving to develop the next generation of energy professionals, who are resourceful and skilled, and to increase the engagement and visibility of women in the energy sector. The sharing of knowledge and expertise across generations, borders, and disciplines provides a foundation for long-term cooperation in a closely interconnected region.