Energy cooperation must be free from political format and conjuncture, President Ilham Aliyev stated on Monday at a meeting of the Advisory Board of the "Southern Gas Corridor." Aliyev focused on the need for rapid implementation of the project "Southern Gas Corridor", and stressed that the removal of all obstacles needs unification of the efforts of all interested governments and the European Union. In turn, SOCAR’s President Rovnag Abdullayev said that Azerbaijan is ready to provide additional supply of up to 500 million cubic meters of gas to Georgia annually. Until now it was delivered up to 800 million cubic meters of gas, but managed to increase the volume of supply to 1.5 billion cubic meters, he said. -02D-
Economics
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Azerbaijan and EIB Global, the European Investment Bank’s external branch, signed a Memorandum of Understanding (MoU) at the COP29 climate summit to modernize and expand the Baku metro network, officials said on Thursday.
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International Energy Agency (IEA) Executive Director Fatih Biröl underscored the importance of tripling global renewable energy capacity by 2030 and doubling energy efficiency during his remarks at a ministerial meeting in Baku on Friday, emphasizing that these issues would be central to discussions at COP 29.
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During COP29, the Ministerial Meeting on Climate and Innovation Dialogue of the United Nations Special Programme for the Economies of Central Asia (SPECA) marked a milestone with the signing of a declaration to establish the SPECA Climate and Innovation Dialogue and the launch of the SPECA Multilateral Trust Fund.
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Kazakhstan's Vice Minister of Energy, Ilyas Bakhytzhan, highlighted the ambitious sustainability and environmental security plans shared by Central Asian countries and Azerbaijan during a joint event with IRENA and Azerbaijan's Ministry of Energy at COP29.
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