The forum "Energy Investments of Central Asia and Azerbaijan" will be held within the framework of COP29
The "Forum of Energy Investments of Central Asia and Azerbaijan" will be held within the framework of COP29, Deputy Minister of Energy Orhan Zeynalov during the first meeting of energy ministers of Central Asian countries in Astana.
The Deputy Minister noted that the political will of the heads of state opens up wide opportunities for deepening bilateral and multilateral cooperation between the countries, and stressed the prospects for developing partnership relations between the countries.
"Within the framework of COP29, global initiatives and high-level events dedicated to the transition to green energy are planned, and in this context, the forum of Energy Investments of Central Asia and Azerbaijan will be held," he said.
It is noted that the work on the creation of the "green" energy corridor "Azerbaijan-Central Asia-Europe" and the next steps in this direction were also discussed.
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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