BAKU, Azerbaijan, May 12. Azerbaijan's Energy
Minister Parviz Shahbazov met Meg O'Neill, Chief Executive Officer
of bp and discussed energy cooperation, Trend reports via the Ministry of Energy.
According to the information, during the meeting, satisfaction
was expressed with the expansion of cooperation with bp within the
framework of a long-term strategic energy partnership and energy
security projects focused on renewable energy and decarbonization.
It was emphasized that the partnership between Azerbaijan and bp
has a history of more than 30 years and that this cooperation has
yielded significant results during tough times. The implementation
of the “Shafag” project in the liberated territories was highly
praised, particularly the creation of a mechanism ensuring the
virtual transmission of “green electrons” from Jabrayil. It was
emphasized that this mechanism represents an important innovative
step, facilitating the transition to a new phase in the region’s
decarbonization and energy transmission model.
At the meeting, information was provided on the reforms being
implemented by Azerbaijan in the energy sector, and it was noted
that Azerbaijan is gradually transforming from a traditional
exporter of oil and gas into a producer of renewable energy, and
its energy strategy is based on a balanced approach and includes
oil, gas, hydro, wind, and solar energy. The discussion also
focused on the Caspian Sea’s wind energy potential of 157 GW, as
well as projects for interregional energy interconnections. It was
noted that Azerbaijan has identified electricity exports as a
priority area amid growing global demand for electricity. It was
noted that in the future, relations between regions and countries
will play a decisive role not only in terms of decarbonization but
also in terms of energy security.
Mutual interest in expanding cooperation between Azerbaijan and
bp was expressed during the meeting. An exchange of views on the
situation in global energy markets also took place.
