Istanbul hosts the 2nd Azerbaijan-Türkiye Energy Forum

The 2nd Azerbaijan-Türkiye Energy Forum was held in Istanbul on Thursday, the Azerbaijani Energy Ministry told News.Az.

The forum was co-chaired by Azerbaijani Energy Minister Parviz Shahbazov and Turkish Energy and Natural Resources Minister Fatih Donmez.

The forum was preceded by a bilateral meeting between the energy ministers of the two countries. The meeting reviewed the activities of the working groups on cooperation priorities within the framework of the Energy Forum. Discussions took place on the results of the meetings of 4 working groups on hydrocarbon, renewable energy, energy efficiency, electricity market and regulatory issues on 5 October. The strengthening of partnerships linked to the supply and transit of natural gas and electricity was also mentioned.

In his speech at the meeting, Minister Shahbazov stressed that the forum serves to strengthen energy cooperation in the allied relations between Azerbaijan and Turkey and to develop it in accordance with global challenges. The minister said that the strong energy union between Azerbaijan and Turkey is a historical necessity and a guarantor of a secure and sustainable energy supply on a regional and European scale.

“Such an ever-increasing geostrategic role of Azerbaijan and Turkey in the realities of a complex geopolitical and energy crisis is the embodiment of the policy pursued by President Ilham Aliyev and President Recep Tayyip Erdogan with unwavering confidence towards each other, as well as the united power of Azerbaijan and Turkey in their example,” Shahbazov added.

The importance of TANAP for Türkiye, which will increase with the expansion of the corridor, was also mentioned. It was noted that from July 2018 to October this year, TANAP supplied 18 billion m3 of natural gas to Turkey, and 4.2 billion m3 out of 6.1 billion m3 of gas supplied to this country were transported through this gas pipeline for 9 months of 2022. It was noted that gas exports from Azerbaijan to Turkey will reach 9.3 billion cubic meters by 2023. The minister also said that the electricity of the Azerbaijan can be exported to Turkey and transmitted to Europe via the Zangazur corridor. Thus, Azerbaijan and Turkey will further strengthen their positions in ensuring energy security in the field of electricity, after oil and natural gas.

Minister Donmez said that Turkey will always continue to stand alongside Azerbaijan in implementing the concept of green energy in the territories liberated from occupation following the Patriotic War.

“In the near future, we expect to sign an intergovernmental agreement that will further promote cooperation in our energy sector,” he added.

President of SOCAR Rovshan Najaf, Deputy Vice-President of Azerenergy OJSC Vugar Shahmuradov, Chairman of the Board of Directors of Small and Medium Business Development Agency of Azerbaijan (KOBIA) Orkhan Mammadov, Director of the Department of Promotion of exports of Azerbaijan Export and Investment Promotion Foundation (AZPROMO) Tural Hajili, Managing Director of BOTAŞ Burhan Ozcan, Managing Director of Turkish Petroleum Corporation (TPAO) Melih Han Bilgin, Chairman of the Board of Directors of TEİAŞ Orhan Kaldirim, Managing Director of the Electricity Generation Corporation (EÜAŞ) Izzet Alagoz, Chairman of the Foreign Economic Relations Council (DEİK) of Türkiye Nail Olpak and representatives of other organizations delivered speeches at the forum.

At the end of the event, the protocol of the 2nd Azerbaijan-Türkiye Energy Forum was signed.