Deputy Economic Minister highlights Georgia’s “key role” in promotion of Eurasian energy security

Vakhtang Tsintsadze, the Georgian Deputy Economy Minister, on Wednesday highlighted the country’s “real potential” to play a “key role” in the development of reliable and safe supply chains and promote energy security on the Eurasian continent.

Speaking at the 32nd Economic Forum in Poland, Tsintsadze emphasised the significance of further deepening economic ties between Europe and Georgia, as well as the country’s “major contribution” to the creation of “trustworthy and secure” supply chains on the Eurasian continent and its achievement of energy security.

A country at the crossroads of Europe and Asia, which has repeatedly proven itself over the recent years to be a reliable partner for Europe, has new momentum and real potential to transform into a multidimensional economic and logistics hub in the region and contribute to the development of safe and reliable supply chains and the improvement of trade relations between Europe and Asia”, he said.

The Minister also cited Georgia's "significant progress" in implementing economic reforms, strengthening its institutions, enhancing governance and harmonising its regulatory framework with the European Union.

Tsintsadze pointed out the importance of the development of the Middle Corridor - aimed to connect supply chains and logistics between China and Europe - and the increased role he said Georgia could play in energy security promotion and diversification of energy resources in the EU.

He also noted “important” large-scale infrastructure projects and reforms that he said would contribute to the development of these economic functions for the country.

The official added Georgia had “consistently worked” to improve its standing as a reliable energy and transit partner of the EU, a provider of green energy, and an “essential partner” in transportation connectivity.

The conference, promoted as the largest of the kind in Central and Eastern Europe, is running between Tuesday and Thursday and features governmental, business and media figures from over 60 countries.