Azerbaijan’s Gas Supplies to Türkiye Increase by 10%

The State Oil Company of Azerbaijan (SOCAR) considers the provision of accessible energy as crucial in the context of a fair energy transition,  SOCAR Vice President Afghan Isayev said at a roundtable titled "Fair Transition Partnership and Mobilizing Investments" during the "Baku Climate Action Week." He emphasized the importance of finding a balance between phasing out subsidies and ensuring energy security for the population.

In Azerbaijan, 70% of greenhouse gas emissions are attributed to the energy sector, the Deputy Minister of Energy and Executive Director of COP29, Elnur Sultanov, said during the Climate Action Week in Baku. He noted that Azerbaijan is taking effective measures to "green" its energy sector.

The State Oil Company of Azerbaijan (SOCAR) will announce the results of its geothermal energy development efforts during COP29, SOCAR Vice President Afghan Isayev said today at a panel discussion as part of the Baku Climate Action Week. He also mentioned that SOCAR is collaborating with Lightsource BP, a company specializing in green energy, to build a 240 MW solar power plant in the Jabrayil region.

The Joint Stock Company "Azerenerji" is constructing a new closed-type substation in Khankendi. This information was shared by the company. According to the announcement, since spring of this year, "Azerenerji" has begun laying a high-voltage power line of 110 kV from the city of Shusha to Khankendi through difficult terrain.