Deputy Minister: 70% of Greenhouse Gas Emissions in Azerbaijan Come from the Energy Sector

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.

Azerbaijan exported 6.68 bcm of gas to Türkiye in January-July 2024, the monthly report of the Energy Market Regulatory Authority of Türkiye (EPDC). According to the information, Azerbaijani gas supplies to Türkiye increased by 10.2% compared to the figures from January-July 2023.

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.