BAKU, Azerbaijan, June 1. Azerbaijan acts as a
reliable energy supplier and an important strategic player,
Minister of Energy Parviz Shahbazov said at the plenary session of
ministers on “International Cooperation for a Resilient and
Diversified Energy Future,” held as part of Baku Energy Week,
Trend reports.
According to him, this platform has, over time, contributed to
the development of major transnational projects in the field of
energy security.
"Today, it has entered a new phase thanks to partnerships in the
green energy sector and Azerbaijan’s growing role as an investor.
The crisis in the Strait of Hormuz, which disrupted approximately
one-fifth of global oil and LNG supplies and reduced total supply
by 13%, demonstrated that secure and reliable supplies are the top
priority today.
In this context, against a backdrop of disruptions in value
chains, changes in transit routes, and growing uncertainty,
Azerbaijan’s strategic importance under the leadership of President
Ilham Aliyev continues to grow. “By connecting the Caspian Sea with
the Black, Mediterranean, and Adriatic Seas via stable routes,
Azerbaijan acts as a reliable energy supplier and an important
strategic actor, transforming the Caspian region into a key
logistics and communications hub of the Middle Corridor,” the
minister noted.
