Baku: Azerbaijan has been investing in the oil and gas sector for years, connecting regions, and implementing major interregional connectivity projects, Deputy Minister of Energy of Azerbaijan Orkhan Zeynalov said while speaking at the 30th Anniversary Baku Energy Forum held in Baku, APA-Economics reports.
According to Azeri-Press News Agency, the Deputy Minister highlighted Azerbaijan’s contribution to green energy initiatives alongside its traditional investments. “In recent years, we have also been investing in the transition to green energy. Currently, we are launching four interconnector projects connecting Central Asia, the Caspian region, and the Black Sea region to Europe,” Zeynalov noted.
The Deputy Minister further elaborated on the strategic importance of these projects, specifically mentioning the Caspian-Black Sea-Europe corridor, which is currently in the final stages of a feasibility study. This corridor is a critical component of Azerbaijan’s plans to enhance regional connectivity and energy export capabilities.
Zeynalov also shared Azerbaijan’s ambitious energy plans, stating that the country aims to utilize more than six gigawatts of green energy by 2035, with an export target of four gigawatts. This initiative underscores Azerbaijan’s commitment to diversifying its energy resources and contributing to sustainable energy solutions.