Azerbaijan's Minister of Energy Parviz Shahbazov held bilateral meetings with Bulgarian Minister of Energy Iva Petrova and Executive Director of the International Energy Agency (IEA) Fatih Birol on the sidelines of COP31 in Antalya, the Ministry of Energy said, APA-Economics reports.
During the meeting with the Bulgarian minister, cooperation in the natural gas sector and the development of the Azerbaijan-Georgia-Türkiye-Bulgaria Green Energy Corridor were discussed. The parties considered the establishment of a joint venture for the corridor and the commencement of a feasibility study. It was noted that the project would create opportunities for the development of new renewable energy capacities and the export of electricity generated in Azerbaijan to Turkish and European markets. The parties also exchanged views on the participation of European companies in the projects, financing opportunities and technological cooperation.
During the meeting with Fatih Birol, the IEA's support for the development of COP29 energy initiatives was highly appreciated. The discussions covered the growing role of electrification in the energy transition, cooperation between Azerbaijan and the IEA in this area, and opportunities to review jointly undertaken work in line with new priorities. The parties also touched upon the role of natural gas in ensuring energy security and the opportunities created by green energy corridors for expanding electrification. They considered continuing Azerbaijan's dialogue and technical cooperation with the IEA on the electrification agenda.
Follow us on Telegram
t.me/apanewsaz
Follow us on Instagram
Follow us on TikTok
Follow us on Facebook
Follow us on X
