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APEC Energy Ministerial Meeting Held

The APEC Energy Ministerial Meeting was held in Cebu, the Philippines, on October 13, 2015. Mr. Takayuki Ueda, Vice-Minister for International Affairs of the Ministry of Economy, Trade and Industry, attended the Meeting representing Japan, where he made a new proposal of energy cooperation for the future and obtained approval from the participating economies.

1. Overview

Ms. Zenaida Monsada, OIC Secretary of the Department of Energy of the Philippines, chaired the APEC Energy Ministerial Meeting, in which ministers in charge of energy from all 21 APEC economies and energy experts of international organizations participated.

At the Meeting, Japan proposed the launch of the APEC Initiative for Enhancing the Quality of Electric Power Infrastructure and the creation of a guideline summarizing matters to be considered in order to ensure the quality of electric power infrastructure, including power plants. This proposal aims at ensuring stable power supply with the spread of the electric power infrastructure in the APEC region, where a significant increase in power demand is expected in the future. The proposal was agreed by the participating economies, and a joint statement that includes the following contents was adopted.

2. Joint Statement

  1. Bearing in mind the 2014 Leaders’ Commitment described in the APEC Connectivity Blueprint, the participating economies affirmed the importance of energy resiliency in promoting energy security and sustainable development.
  2. The participating economies welcomed the new APEC Initiative for Enhancing the Quality of Electric Power Infrastructure in pursuit of spreading high-quality electric power infrastructure in the APEC region, and have instructed the administrative officers to create a guideline summarizing matters to be considered in order to ensure the quality of the electric power infrastructure.
  3. In order to improve the capacity of the APEC region to respond to emergencies such as disruptions in oil and gas supply, the participating economies affirmed the continuation of the APEC Oil and Gas Security Initiative (OGSI).
  4. The participating economies highly evaluated the progress of the development of each country’s favorable LNG trade and investment environment toward the establishment of a diversified, flexible, and integrated LNG market.
  5. The participating economies confirmed their continuous development and prioritization of clean energy technologies (i.e., renewable energy, nuclear power, advanced coal, and LNG technologies) for the fields of transportation and power generation.
  6. The participating economies reaffirmed the importance of safe and efficient development of nuclear power as a clean and high-quality energy source functioning as a base load power source.

Release date

October 14, 2015

Division in charge

Office of Global Strategy for Energy Industry, International Affairs Division, Commissioner's Secretariat, Agency for Natural Resources and Energy

Related Information

APEC

Ministry of Economy, Trade and Industry
1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8901, Japan Tel: +81-(0)3-3501-1511
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