The UAE's Masdar said June 5 that it has signed two agreements to develop 4 GW of renewables projects in Azerbaijan, with the potential for an additional 6 GW in a second phase, which would be the largest deal in the Caucasian country's history.
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The agreement between Iran, Azerbaijan and Turkmenistan on a natural gas swap deal for up to two billion cubic meters of Turkmen gas took effect as of January 1, 2022, and now Iran and Azerbaijan have agreed on doubling this volume.
A memorandum of understanding was also signed between SOCAR and Masdar (UAE).
Minister of State for Petroleum Dr Musadik Malik on Friday welcomed a proposal given by Azerbaijan to make $100 million investment in Liquefied Natural Gas (LNG) sector of Pakistan.
Romania is in talks with Azerbaijan for the diversification of oil and gas transport and supply routes, energy minister Virgil Popescu said.
Energy Minister Virgil Popescu is trying to persuade Azerbaijan to increase oil and gas deliveries to Romania in an attempt to diversify Romania’s energy resources as Bulgaria-Greece gas interconnector needed for LNG supply nears completion.
The press service of the President of Azerbaijan reports that President Ilham Aliyev received Laura Lochman, Deputy Assistant Secretary for Energy Diplomacy in the Bureau of Energy Resources at the US Department of State, on May 31.
President of Azerbaijan Ilham Aliyev is taking part in the opening ceremony of the Baku Energy Week.
Azerbaijan's transformative priorities and plans to develop as a green growth country and create a net zero-emission green energy zone necessitate the introduction of low-carbon approaches.
Azerbaijan supports the challenges and goals of the clean energy transition, clean energy technologies, hydrogen production and efforts to strengthen the positions of renewable energy sources in the energy mix.
Russia’s invasion of Ukraine on 24 February has changed the world irrevocably. European countries who became reliant on Russian energy are now seeking to extricate themselves as soon as they can from Russian supplies, writes Taras Kuzio.
Azerbaijan intends to contribute to Europe’s energy security by developing into a regional “green” energy hub, the government officially announced on May 9, at The World Utilities Congress, in Abu Dhabi, United Arab Emirates.
Natural gas will be 15% more expensive in May, and in June the cost will be around the April level.
For Azerbaijan to begin to meet the sudden demand, it will require the various consortia that own Azerbaijan's Caspian fields, as well as the 3 pipelines that together form the SGC, to make the billions in investments needed to both boost production and increase pipeline capacity.
The central Asian country is seeking to upgrade its existing energy infrastructure to export more gas to Europe, its energy minister says.
For Azerbaijan to meet gas demand in the Balkans, billions in new investments – and patience – will be required.
The BTC pipeline is a transport line for Azerbaijani oil from the Caspian Sea to the port of Ceyhan in Turkey, and then to European markets via the Mediterranean Sea.
In early April, high-level Italian and French delegations traveled separately to Azerbaijan to discuss cooperation in the energy sector, including natural gas exports and “green” electricity generated from Caspian-basin wind.
The Southern Gas Corridor plays big role in Europe’s energy security, faculty member of the US Naval Postgraduate School, international energy and foreign policy specialist Brenda Shaffer said at the “South Caucasus Development & Cooperation” international conference in Azerbaijan’s Shusha city on April 28.
The Azerbaijani State Oil Fund (SOFAZ) has said that its budget revenues and expenditures respectively totaled $1.7 billion and $1.5 billion in the 1st quarter of 2022.
Oil & gas continue to dominate Azerbaijan’s economy and provide most of its export and government revenue.
TAP transports natural gas from the Shah Deniz field in the Azerbaijan sector of the Caspian Sea to Europe.
Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President of Azerbaijan, Ilham Aliyev, today explored the avenues of advancing the bilateral relations between the two countries across various fronts, notably in areas of trade and energy.
The Trans Adriatic Pipeline AG has announced that a total of 10 billion cubic meters (bcm) of natural gas from Azerbaijan has now entered Europe via the interconnection point of Kipoi, at the Greek-Turkish border, where TAP connects to the Trans Anatolian Pipeline (TANAP). Out of these 10 bcm, approximately 8.5 bcm have been delivered to Italy.