The Current State of Azerbaijan's Gas Cooperation with Europe: Opportunities and Challenges - 5

In conclusion, Azerbaijan is approaching the peak of its natural gas production.

Several key projects have been implemented to create the infrastructure for exporting Azerbaijani gas to the EU market. In early 2007, the Baku-Tbilisi-Erzurum gas pipeline (with an annual capacity of 8.2 billion cubic meters) was launched within the framework of the 690-kilometer South Caucasus Pipeline to facilitate the export of Shah Deniz gas to Georgia and Turkey. In 2011, Azerbaijan and the European Commission signed a Joint Declaration on the Southern Gas Corridor (SGC) project. Notably, in September 2014, the foundation for the 'South' Gas Corridor (SGC) project was laid at the Sangachal terminal, a location of paramount importance in the gas export process.

Azerbaijan's Shah Deniz and ACG fields, the pillars of the country's remaining hydrocarbon resources, are currently operating at a steady pace.

This article provides a comprehensive analysis of Azerbaijan's energy cooperation with Europe. It covers the supply of fossil fuels (oil and gas) and green energy, examining both retrospective and prospective dimensions. The analysis includes production levels, transport infrastructure, potential opportunities in this sector, and challenges, calling for further investigation. The article also assesses possible development scenarios and prospects for gas, oil, and renewable energy sources in Azerbaijan's energy sector.