June 22, 2024
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OIL & GAS RENEWABLE ENERGY

COP29: Azerbaijan Seeks Collaboration With Turkey

Ahead of the COP29 UN Climate Change Conference, set to take place in the Azerbaijani capital, Baku later this year, Azerbaijan plan to collaborate with Turkey for further energy transformation. This was mentioned by the country’s energy minister, Perviz Shahbazov, on the sidelines of the 29th International Caspian Oil & Gas Exhibition during Baku Energy Week, which ran between June 4 and 6.

The minister revealed that both Azerbaijan and Turkey plan to develop projects together. “The two countries have realised very lucrative​​​​​​​ projects not only for our nations but also for other countries and regions,” Shahbazov said.

Infrastructure investments, including the Baku-Tbilisi-Ceyhan Oil Pipeline, Baku-Tbilisi-Erzurum Natural Gas Pipeline and Trans-Anatolian Natural Gas Pipeline (TANAP), ensure both regional and European energy security.

New agreements have been signed during the exhibition to expand gas transmission. The natural gas supply agreement between Azerbaijan and Türkiye, which was due to expire at the end of 2024, was also extended until the end of 2030.

The two countries are also working to increase electricity interconnection capacities between Turkey and Nakhchivan. This year’s COP29 is scheduled to hold between November 11 and 22, with Azerbaijan been the host, Turkiye has expresses readiness to support Azerbaijan in its preparations.

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