Energy Prices Rising, Azerbaijan's Oil, Gas Revenues Continue to Decline

The total volume of Azerbaijani gas transported via the TANAP pipeline to Türkiye and Europe reached 75 bcm. "To date, the total volume of gas transported through TANAP – a key link in the Southern Gas Corridor – since the start of supplies has amounted to 75 bcm," TANAP A.Ş.  reported yesterday.

Azerbaijan and Tatarstan held talks on energy cooperation. According to the Ministry of Energy of Azerbaijan, the discussions took place during a meeting between Azerbaijan's Minister of Energy Parviz Shahbazov and a delegation headed by Tatarstan’s Deputy Prime Minister and Minister of Industry and Trade Oleg Korobchenko.

Azerbaijan has significant potential in renewable energy and continues to invest in this area, the Chairman of the Milli Majlis (Parliament) Committee on Natural Resources, Energy, and Ecology, Sadig Gurbanov,  stated yesterday at the first plenary session of the spring session of parliament. According to him, the technical potential for renewable energy is estimated at 135 GW on land and 150 GW at sea.

The Milli Majlis (Parliament) of Azerbaijan approved the agreement on strategic partnership between Azerbaijan, Kazakhstan, and Uzbekistan in the development and transmission of green energy. This issue was discussed yesterday during the first plenary session of the 2025 spring session of the Milli Majlis.