Valentina KASYMOVA, Batyrkul BAETOV

Valentina Kasymova, D.Sc. (Econ.), professor, Boris Yeltsin Kyrgyz-Russian Slavic University (Bishkek, Kyrgyzstan)

Batyrkul Baetov, Ph.D. (Tech.), deputy director, Kyrgyz Science and Technology Center Energia (Bishkek, Kyrgyzstan)

By Way of Introduction

Kyrgyzstans energy policy is largely determined by its geographical position, its primary energy resources and its interdependence with neighboring countries in developing the fuel and energy complex (FEC). According to a report by the CIS Economic Cooperation Department for 1991-2008, the countries of the Central Asian Region (CAR) have achieved certain successes in institutional and structural transformations: in privatizing state property, creating the basic institutions of a market economy, and applying monetary and exchange controls and other market instruments.

From the perspective of economic development, the period under review is clearly divided into three stages. They can be briefly characterized as economic recession, recovery and expansion. At present, all CA states are feeling the impact of the world economic crisis, whose effects can be assessed based on the results of their social and economic development for 2008-2011.

Conditions and Prerequisites for Cooperation in FEC Development in Central Asia

The economy of CA countries is very energy-intensive, as indicated by the energy intensity of their GDP (see Table 1). As the table shows, Kazakhstan and Turkmenistan also have a high level of CO2 emissions both per unit of consumption of fuel and

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