Azerbaijan, IEA agree on cooperation within COP29

  03 June 2024    Read: 631
 Azerbaijan, IEA agree on cooperation within COP29

Azerbaijan and the International Energy Agency agreed on Monday to cooperate on the matters that are on the agenda of energy activities within COP29 as Energy Minister Parviz Shahbazov met with IEA Executive Director Fatih Birol, the Energy Ministry's press service told AzVision.az.

The sides discussed the global oil and gas markets, factors affecting the dynamics of demand for gas in Europe, as well as the growth of renewable energy consumption and modern trends in energy supply.

Noting that Azerbaijan has already proved to be a reliable energy partner for Europe, Fatih Birol expressed gratitude for the country’s its support in gas supplies to Europe in difficult times of energy supply.

During the conversation, the increase in gas exports to Europe was assessed in the context of the attitude towards fossil fuels.

The discussions also revolved around Azerbaijan's renewable energy course, its concept for the development of Karabakh, Eastern Zangezur and Nakhchivan as a green energy zone, its activities geared towards creating Caspian-Black Sea-Europe, Azerbaijan-Türkiye-Europe and Central Asia-Europe green energy corridors were discussed.

They also exchanged views on the transition to green energy, issues that ensure the strengthening of the network, which play an important role in the integration of renewable energy powers into the energy system. In this regard, the parties underscored the importance of supporting activities on energy storage systems, high-voltage direct current (HVDC) cables, as well as improving energy efficiency and global cooperation.

AzVision.az


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