Tag Archives: Azerbaijan

Azerbaijan and Georgia are hoping to capitalize on their rising geopolitical significance and gain a new route to supply Europe with electricity. Plans for an electricity cable stretching beneath the Black Sea from Georgia to southeastern Europe have been on the table for several years now. But with European energy …

Bulgaria has offered to export electricity to Azerbaijan in exchange for expanding gas supplies, acting Economy Minister Nikola Stoyanov announced during his visit to Baku on Sunday (11 September). “With such a scheme – bartering gas for electricity, Bulgaria could receive quantities in the next four to five months, when …

Minister of Energy of Bulgaria Rosen Hristov held phone talks with his Azerbaijani counterpart Parviz Shahbazov, Trend reports via the ministry. According to the ministry, the parties discussed the timing of the start of commercial supplies of Azerbaijani gas to Bulgaria via the Interconnector Greece-Bulgaria (IGB). “Shahbazov noted that from …

Hungary is planning to receive the supply of ‘green’ electricity from Azerbaijan, Trend reports via Minister of Foreign Affairs Peter Siatro’s Facebook page. According to him, the current situation clearly shows the importance of exploring new energy sources and integrating them into the supply. “One of the most important partners …

On July 18, the European Commission signed the new Memorandum of Understanding on a Strategic Partnership in the Field of Energy with Azerbaijan to increase imports of Azerbaijani natural gas to Europe by at least 20 billion cubic meters (bcm) annually by 2027. “Today … we are opening a new …

Türkiye has become the primary market for Azerbaijan’s non-oil export, accounting for almost one-third of the oil-rich Caspian country’s non-oil products sold overseas. According to the results of the first five months of 2022, the share of Türkiye in the total non-oil exports of Azerbaijan settled at 32.8 percent, according …

According to SeeNews, Azerbaijan is ready to supply to Bulgaria 0.5 – 1 billion m3 (bcm) of natural gas per year in addition to the amount of 1 bcm it has already agreed to deliver, outgoing Bulgarian prime minister Kiril Petkov said. Azerbaijan’s state-owned oil and gas company Socar has …

The European Commission has signed a memorandum of understanding with Azerbaijan to double imports of Azeri natural gas to at least 20 billion cubic metres a year by 2027. European Commission President Ursula von der Leyen and Azerbaijan’s President Ilham Aliyev signed a memorandum of understanding (MoU) on a strategic …

The Russia-Ukraine war disrupted global supply chains and weakened economies worldwide, but it spells opportunity for Azerbaijan, the hinge of Europe and Asia. The U.S. and Europe sanctioned Russian oil and natural gas, but Azerbaijan is on track to increase gas exports in 2022 and the following years, via the …

Iranian Oil Minister Javad Owji said that Iran and Azerbaijan will develop the latter’s Shah Deniz natural gas project jointly, Mehr reported. Developing relations with all countries especially neighboring states is the main foreign policy of Iran in administration of President Ebrahim Raisi, he said, adding that experience of Iran-Azerbaijan …