Azerbaijan-Türkiye Energy Forum advances energy partnership

The Azerbaijan-Türkiye Energy Forum is an important platform that ensures the sustainable development of energy cooperation and enriches it with new areas of cooperation, notes a statement by the Azerbaijani Ministry of Energy, Report informs.

According to the statement, a bilateral meeting was held between Energy Minister Parviz Shahbazov and Türkiye's Minister of Energy and Natural Resources Alparslan Bayraktar in Baku as part of the 5th Azerbaijan-Türkiye Energy Forum.

The meeting noted that the Azerbaijan-Türkiye strategic partnership, based on a shared history, national roots and brotherhood, has risen to the level of an alliance in recent years, giving new substance to energy cooperation as well. The important role of joint energy projects in ensuring the energy security of the two countries and the region was emphasized. The current state of issues on the bilateral and regional energy agenda was reviewed.

Against the backdrop of changes in the global energy architecture and accelerating electrification, it was noted that growing energy demand is increasing the strategic importance of electricity interconnections. In this context, opportunities for developing Azerbaijan-Türkiye electricity interconnections and green energy corridors through Nakhchivan and Georgia, as well as cooperation within the framework of the Caspian-Black Sea-Europe Green Energy Corridor project, were discussed.

The meeting also included an exchange of views on Azerbaijan-Türkiye cooperation in connection with Türkiye hosting COP31 in November this year. Planned events as part of COP31's Energy and Transport Day, as well as opportunities to continue energy initiatives put forward by Azerbaijan during its COP29 Presidency, were reviewed.

It was emphasized that joint projects on electricity interconnections and green energy corridors are aligned with COP31's priorities of clean energy transition and electrification. Azerbaijan expressed its readiness to share the experience gained during its COP29 Presidency and support brotherly Türkiye, which will host COP31.