Oil and gas producing countries in the Caspian basin and Central Asia region have experienced rapid economic growth over the last decade under high energy prices, while suffering from highly volatile global energy prices. These countries have rich hydrocarbon, hydro, renewable and alternative energy resources and geopolitical advantages. There are issues with rational use and effective management of these energy resources. Playing an important role for Europe's energy security, the efficient use of investment and innovative opportunities in the energy sector of these countries and the formation of a regional energy market are among the most crucial issues.
To address the energy challenges in Eurasia region, the IAEE has started conducting a series of Eurasian conferences. The 1st IAEE Eurasian Conference on the topic of the “Energy Economics Emerging from the Caspian Region: Challenges and Opportunities”