Mon. Jul 15th, 2024

Brussels, 28 April 2023

Next Tuesday, 2 May, Commissioner Simson will host in Brussels the EU-Azerbaijan Energy Dialogue with the Republic of Azerbaijan’s Minister of Energy, Parviz Shahbazov.

Following their meeting in Baku, Azerbaijan, earlier this year at the 9th Ministerial Meeting of the Southern Gas Advisory Council, they will take stock of the cooperation in energy between the EU and Azerbaijan and discuss how to take it forward.

In particular, the EU and Azerbaijan will exchange on the gas supply situation, including the measures put in place by the EU over the past year to diversify energy supplies and end Russian fossil fuel imports in the EU. They will discuss the expansion of the Southern Gas Corridor in supporting the EU’s efforts and additional viable routes of supplying Caspian gas to the EU. In a Memorandum of Understanding on a Strategic Partnership in the Field of Energy signed last year, the two partners committed to double the capacity of the pipeline to deliver at least 20 billion cubic meters of gas to the EU annually by 2027.

They will also discuss how to take forward their cooperation on the clean energy transition, including policies on renewable energy, energy efficiency and methane emissions. In Baku this February, the EU and Azerbaijan held the first Green Energy Advisory Council meeting.

Representatives of the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) will also participate in the Energy Dialogue in Brussels to provide an overview of the financial instruments available to support the development of clean energy in Azerbaijan.

Source – EU Commission


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