SOCAR to Announce Results on Geothermal Energy Soon

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.

In Azerbaijan, 70% of greenhouse gas emissions are attributed to the energy sector, the Deputy Minister of Energy and Executive Director of COP29, Elnur Sultanov, said during the Climate Action Week in Baku. He noted that Azerbaijan is taking effective measures to "green" its energy sector.

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.