Baku and Abu Dhabi will explore the possibilities of producing sustainable aviation fuel
Azerbaijan and the UAE signed 4 documents in the energy sector in Baku yesterday, the press service of the Ministry of Energy of Azerbaijan. The Memorandum of Understanding between the Ministry of Energy of Azerbaijan and the Ministry of Investments of the UAE provides for the creation of a framework for investment cooperation in the energy sector.
The Memorandum of Strategic Cooperation provides for cooperation and the study of investment opportunities for projects for the construction of onshore solar power plants with a capacity of 2 GW, wind power plants with a capacity of 2 GW, construction of offshore wind farms with a capacity of 6 GW, as well as in such new areas as projects of "solar roofs", production of "green hydrogen", "green ammonia", synthetic methane, sustainable aviation fuel and green energy exports.
The roadmap for the construction of onshore solar and wind power plants with a capacity of 1 GW in Azerbaijan provides for measures to be implemented in 2024-2027 for the construction of one WPP and two SES in Azerbaijan.
In addition, SOCAR and Abu Dhabi National Oil Company (ADNOC) have signed an agreement on strategic cooperation. --0--
Energy
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The Kremlin has declined to predict the developments surrounding a possible deal between European companies and Azerbaijan for gas exports through Ukraine’s gas transportation system, noting Ukraine's refusal to extend its transit contract with Russia.
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The Saudi company ACWA Power has allocated $238 million for the construction of the "Khızı-Abşeron" wind power plant (WPP) with a capacity of 240 MW near Baku. According to the Middle Eastern publication “Gulf Business,” the power plant is expected to be fully operational in the first half of 2026.
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A gas trading center as part of the international gas hub project will be opened in Istanbul in 2025, said Türkiye's Minister of Energy and Natural Resources Alparslan Bayraktar in an interview with the “Milliyet” newspaper. "In 2025, we will create a robust infrastructure that, in partnership with “Botas” and “Gazprom”, will manage a trading platform in the Istanbul Financial Center.
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From January to October 2024, Russia boosted its pipeline gas exports to Europe by more than 15%, reaching 26.52 bcm, TASS reported based on daily data from Gazprom on transit through Ukraine and the European Network of Transmission System Operators for Gas (ENTSOG).
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