Iran key player in world energy market

He made the remarks in a meeting with the visiting Iranian Energy Minister Hamid Chitchian on the sidelines of the 27th Meeting of the Energy Charter Conference.

He urged Iran's active role in realization of Energy Charter goals.

Rusnak called for Iran's active participation in the Energy Charter Secretariat and encouraged Tehran to convey its experience in the oil, gas and electricity sectors to other members of the Charter. 

Iranian energy minister for his part referred to Iran's key role in world energy security and said Iran is bound to its obligations enshrined in the Paris Agreement on climate change.

He referred to Iran's experience in establishing electricity transfer lines with seven regional countries and suggested establishment of such lines for electricity swap between energy charter member states.

Iranian energy minister on Friday inked the document to join the World Energy Charter in the context of International Conference at ministerial level in Beijing.

Main objective of the current Energy Charter Conference is better reflection of new realities in the energy sector, especially energy growth in developing countries and cooperation of the participating countries in line with development and to counter common challenges in the energy sector.

In addition to Iran, Iraq, Cambodia, Guatemala, Union of the Central African states signed the document, IRNA reported.

The Charter dates back to 1991 when representatives of the European states signed the European Energy Charter.

The Conference in Beijing brings together the European states signatories to the World Energy Charter and representatives of the new members signing up for the Charter.