Elchin Amirbayov, representative of the Azerbaijani President for special assignments, stated that the South Caucasus is turning into a major energy corridor between Europe and Central Asia.
Geopolitical instability has necessitated diversification of energy partnerships. The Baku Energy Week has gained importance in this context.
Azerbaijan exports natural gas to 16 countries, including 10 EU members. Austria and Germany are the latest additions.
President Ilham Aliyev emphasized a pragmatic approach. Fossil fuels will remain during the transition, with natural gas playing a key role.
Azerbaijan is investing in green energy. By 2035, renewable energy share is expected to reach 42%.
Solar and wind energy potential is significant. Reducing domestic gas consumption will free up volumes for export.
Energy security is impossible without infrastructure connectivity. The South Caucasus is becoming a strategic region.
Access to Central Asia passes through the South Caucasus. Kazakhstan and Uzbekistan are key players.
SOCAR is increasingly active in the international arena.
