The European Union reached a deal to double natural gas imports from Azerbaijan in a bid to help replace Russian fossil fuels amid a worsening energy crisis following President Vladimir Putin’s invasion of Ukraine.
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Azerbaijan's President Ilham Aliyev has said described reliable cooperation between the EU and Azerbaijan in the field of energy as "the big asset".
Azerbaijan's President Ilham Aliyev has praised the renewable energy potential of Azerbaijan, saying that we have enormous resources in the liberated areas of Azerbaijan and the Caspian Sea.
EU Reporter can reveal that a deal to boost Europe’s gas imports from Azerbaijan is imminent. Commission President Ursula von der Leyen is expected to fly to Baku as soon as Monday to seal a deal.
The European Union is reportedly seeking an oil deal with Azerbaijan as it attempts to distance itself from Russia amid its war in Ukraine.
The European Commission and the Azeri government have sealed a preliminary deal for expanding the Trans-Adriatic Pipeline that brings Azeri gas into Europe as part of the EU’s efforts to reduce its dependence on Russian gas.
The details of the draft memorandum of understanding to be signed between Azerbaijan and the European Commission on July 18 have been disclosed.
Serbia, which is fully dependent on Russian gas supplies, plans to purchase gas from Azerbaijan in 2023 when it expects an interconnector to Bulgaria's pipeline to be completed, Serbia's energy minister said on Tuesday.
According to the European Commission's (EC) quarterly report on European gas markets, the value of gas supplied by Azerbaijan to Europe via the Trans Adriatic Pipeline (TAP) in the first quarter of 2022 is estimated at €2.1 billion.
Mitsotakis pointed out that Greece is protecting its energy independence, while also becoming an energy hub for all of Europe.
The State Oil Company of Azerbaijan (SOCAR) and JSC "Uzbekneftegaz" consider joint exploration and production of hydrocarbons in Azerbaijan.
The announcement by Turkey appears to be response to increased interest from Europe in non-Russian sources of energy.
Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) and Chairman of ENOC and Dragon Oil, Mikayil Jabbarov, the Minister of Economy of Azerbaijan Republic, discussed the bilateral relations in the energy sectors of the two brotherly countries, and the future business opportunities of cooperation.
Azerbaijan accounted for 54% over BP's $19.725bn in global payments to government in 2021, the energy major reported on June 24, in compliance with UK regulations.
The Minister of Energy, Virgil Popescu, participates, as co-president, in the works of the 6th session of the Inter-governmental Committee for commercial-economic and technical-scientific cooperation between Romania and the Republic of Azerbaijan.
A joint venture between Houston-based KBR and Azerbaijan’s SOCAR has been awarded a front-end engineering design (FEED), turnaround engineering, and procurement support services contract by BP for the Shah Deniz Alpha (SDA) platform in Azerbaijan.
For many years economic ties with the UK have been one of the priorities for Azerbaijan. And it is not surprising - companies from the Albion account for a considerable part of the $140 billion foreign investments allocated to our country over the last thirty years.
Azerbaijani President Ilham Aliyev announced Thursday that his country is cooperating with the European Commission on boosting gas deliveries to Europe, reported Xinhua.
There is a growing demand for energy supply from Azerbaijan, Azerbaijani President Ilham Aliyev said.
With its recent deepwater exploration success in the Black Sea and prominent geographic location for interregional hydrocarbon pipelines, Türkiye can play a material role in shaping the geopolitical landscape today, especially in the natural gas sector.
The war in Ukraine has triggered a number of processes that can end up in a large-scale global energy crisis. With oil prices skyrocketing and transit disrupted, what should we be ready for? We've talked about this with Farrukh Novruzov, the Netherlands-based IR and energy market expert.
The Russia-Ukraine war disrupted global supply chains and weakened economies worldwide, but it spells opportunity for Azerbaijan, the hinge of Europe and Asia.
Azerbaijan has announced a partnership with UAE-based developer Masdar for 1 gigawatt (GW) each of solar and onshore wind, with 2 GW on integrated offshore wind plus green hydrogen production — marking the first offshore wind in the Caspian Sea.
Azerbaijan is ready to ship gas to new European customers, President Ilham Aliyev said, at a time when Moscow's invasion of Ukraine and a slew of sanctions are significantly increasing interest in alternatives to Russian gas.