BAKU, Azerbaijan, June 1. President of the
Republic of Azerbaijan Ilham Aliyev addressed the participants of
“Baku Energy Week.”


Trend presents
the address:


''Dear event participants! Distinguished guests, ladies and
gentlemen!


I sincerely welcome you to this prestigious event held within
the framework of Baku Energy Week.


For many years now, Baku Energy Week has turned into an
influential platform where the global energy agenda is shaped, and
new approaches and cooperation formats are established. The
importance of this event increases every year because the world is
going through a transition phase from the traditional energy model
to a new energy system based on a sustainable, low-carbon
development strategy and technological innovations. Under such
circumstances, Azerbaijan's role in the global energy dialogue is
further strengthening.


The energy history of our country is based on rich traditions
and important historical achievements. Back in the 19th century,
the formation of the modern oil industry in Azerbaijan turned our
country into one of the leading centers in global energy history.
The 20th century was a period when Azerbaijan's international
energy partnerships were shaped under the leadership of National
Leader Heydar Aliyev. In the 21st century, our country has already
entered a new stage of the "green energy" transition and the
establishment of a sustainable energy model.


The energy policy implemented by Azerbaijan continues to yield
significant results today. The current year is marked by a number
of milestone events in the energy sector. In particular, the 30th
anniversary of the signing of the Production Sharing Agreement for
the "Shah Deniz" gas field and the 20th anniversary of the start of
commercial gas production from this field once again confirm
Azerbaijan's strong position in the global energy market and the
successful implementation of our country's energy strategy.


Today, the energy sector is one of the main pillars of
sustainable development globally. Modern geopolitical processes
demonstrate that ensuring reliable energy security is directly
linked to the diversification of energy sources and the
implementation of innovative technologies. From this perspective,
investments in renewable energy and low-carbon technologies are
growing rapidly. The energy transition is no longer just an
environmental issue, but has also become a factor in economic
security and competitiveness.


Our country is also implementing a consistent policy in the
field of "green energy" and is further strengthening its strategic
position. Located at the crossroads of Eurasia's energy and
transport routes, our country makes an important contribution to
the development of regional energy cooperation as a reliable
partner. Abundant energy resources, established infrastructure, and
high international trust we have earned are our primary
advantages.


Azerbaijan's rich renewable energy potential creates ample
opportunities for the realization of long-term strategic targets in
the "green energy" sector. The implementation of large-scale "green
energy" projects with international energy companies and the fact
that natural gas exports reach a wide geography further enhances
our country's role as a reliable and strategic partner in the
global energy system. Azerbaijan's leading position in the World
Economic Forum's energy transition report also shows that this is
highly appreciated at the international level.


Realizing the existing potential in the renewable energy sector
and expanding "green energy" capabilities are the main strategic
goals for the upcoming period. This approach marks the beginning of
a qualitatively new stage in the energy system. In this phase,
alongside the efficient management of energy resources, the main
priorities are the development of renewable energy sources, the
acceleration of the transition to "green energy," and the
application of modern technologies.


In particular, the successful implementation of the "green
energy zone" model within the framework of the large-scale
restoration and reconstruction work carried out in the liberated
territories has become one of the core directions of our country's
future energy strategy. The successful realization of this approach
has laid the groundwork for its further expansion and for declaring
Nakhchivan a "green energy zone" as well.


I am confident that Baku Energy Week will continue to make
significant contributions to the expansion of global energy
dialogue, the shaping of new initiatives, and the building of a
sustainable energy future.


In conclusion, I express my gratitude to the organizers and
participants of the event, and wish each of you successful
cooperation, productive discussions, and new achievements!''