Across Western, Central and Eastern Europe, as well as in
Eurasia, export and investment opportunities abound for U.S.
firms, both large and small. The EU’s energy sector is far
more developed and liberalized than the other regions within
greater Europe. At the same time, the EU is increasingly
enacting pro-renewable energy legislation designed to increase
its own share of overall energy consumption within its borders;
this again presents excellent opportunities for American
firms. In addition to Wind Energy, Biomass, Solar, Wave
Energy and Geothermal Energy, biofuels are becoming important to
create environment-friendly atmosphere. Biodiesel, biogas
and other bio fuel technologies and investments are strongly
encouraged within entire Europe.
In Central and Eastern Europe, many power-generation,
transmission and distribution assets are in direct need of
upgrading to meet safety and environmental standards.
Additionally, these countries, which have traditionally relied on
a single source of fuel for their power generation needs, are now
trying to diversify their supply in order to guarantee energy
security. As many of these countries wish to accede to the
EU, they will need to comply with EU standards, which require
that they increase the use of renewable energy sources, upgrade
existing facilities, and prepare for privatization and
liberalization. This will entail the investment of billions
of dollars in the energy sector over the coming years.
Since many of these countries lack local funding sources, most
will require significant amounts of foreign financing and foreign
direct investment to achieve these objectives.
In the Eurasian countries, billions of dollars of procurements in
oil and gas exploration, production, refining and transportation,
backed by blue-chip international oil consortia, are expected to
create major opportunities between the years 2007-2010. In
turn, this presents major export opportunities for U.S. firms –
whether small, medium or large. In directly related
sub-sectors such as oil and gas field service equipment, offshore
and onshore oil & gas exploration, multi-country oil &
gas pipelines, refineries, natural gas storage, LNG & CNG
facilities, biodiesel, biogas, and SCADA systems, as well as
indirectly related sectors such as compressors, road
construction, heavy earth moving equipment, health, safety and
environment, telecommunications, and information technologies,
U.S. firms and their highly sought-after products and services
will find themselves to be very competitive
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