AFESD - Arab Fund for Economic and Social Development

12/02/2019 | News release | Distributed by Public on 12/02/2019 00:36

First Pan-Arab Energy Trade Conference

First Pan-Arab Energy Trade Conference

The Arab Fund, in cooperation with the League of Arab States and the World Bank, prepared, organized and covered the expenses of the First Pan-Arab Energy Trade Conference, which was held in Cairo, Egypt, during the period 6 - 7 November 2019. The conference themes included the opportunities and challenges for activating energy trade in the Pan-Arab region, the views of countries and development institutions on the Pan-Arab electricity market, the opportunities for regional partnership in gas trade, the international experiences in developing cross-border electricity markets, the key principles of regional electricity trade institutions and their regulations, and the investments in regional infrastructure to achieve electricity trade benefits.

During the conference, the Arab Fund made a presentation on the role of financing institutions in supporting electricity trade, in addition to a presentation on the impact of scaling up renewables on energy trade.
The League of Arab States presented a summary on the current state of preparation and development of the pan-Arab energy market agreements. The World Bank presented an initiative for an Arab platform for energy trade, in addition to a paper on updating regional investments and tools to facilitate trade in the pan-Arab energy market. Several regional and international institutions involved in governance and regulatory rules for trade energy participated in the conference, as well as experts in electricity trade from Europe, Africa, and North and Central America.