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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At a meeting in Istanbul, the board of directors of SOCAR Türkiye discussed the company’s goals and projects for the upcoming year, SOCAR Türkiye reported.
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As of January-November 2024, Azerbaijan’s electricity production totaled 23.55 billion kWh, by 2.2% lower than in the same period last year.
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From January to November 2024, Azerbaijan exported 1.745 billion kWh of electricity worth $93.9 million, the monthly report of the State Customs Committee of Azerbaijan. This is by $285.4 million (75.2%) less than in the same period last year and 2.178 billion kWh (55.5%) less in volume. Electricity exports during the reporting period accounted for 0.39% of Azerbaijan’s total exports and 3.04% of non-oil sector exports.
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Türkiye has received an exemption from the United States for "Gazprombank" in relation to payments for Russian gas, the NTV channel reported citing a statement by Türkiye's Minister of Energy, Alparslan Bayraktar. It is noted that this issue was previously discussed with U.S. Secretary of State Antony Blinken during his visit to Türkiye.
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