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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In 2023, Azerbaijan produced 4 million 369.8 thousand tons of fuel (automotive gasoline, diesel fuel, and aviation kerosene), whereas last year the total volume amounted to only 3 million 906.9 thousand tons. Over the past year, fuel production in the country decreased by 462.9 thousand tons, or by 10.6%.
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According to preliminary data, in the past year, Azerbaijan's gross domestic product (GDP) amounted to 126.3 billion manats (approximately $74.3 billion at the current exchange rate), a 4.1% increase compared to 2023, the monthly report by the State Statistical Committee of the Republic of Azerbaijan.
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In 2024, the total volume of oil and condensate production in Azerbaijan amounted to 29 million 63 thousand tons, the monthly report by the State Statistical Committee of the Republic of Azerbaijan.
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The Trans Adriatic Pipeline (TAP AG) consortium has developed a roadmap for preparing to transport hydrogen, according to TAP AG. “TAP’s goal is to develop infrastructure for hydrogen transportation. We have defined a roadmap for preparing for the medium- and long-term transportation of natural gas and hydrogen blends, as well as renewable gases. A preliminary study in 2021 confirmed the potential of TAP for transporting hydrogen mixtures in the future. Currently, we are conducting pipeline material tests at an international laboratory. The results of the first tests were received in the fourth quarter of 2024 and are now under evaluation. The next round of tests has already begun, and results are expected in 2025,” said the consortium.
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