Baku:Energy Minister Parviz Shahbazov met with Deputy Minister of Industry and Trade of Vietnam, Phan Thi Thang, to discuss the prospects for liquefied natural gas (LNG) supplies to Vietnam. This meeting was reported by the Ministry of Energy to APA-Economics.
According to Azeri-Press news agency, the discussions highlighted the advancement of Azerbaijan-Vietnam relations to a strategic partnership, fostering opportunities in political, trade-economic, and energy domains. The visits by Azerbaijan’s President Ilham Aliyev to Vietnam in 2014 and Vietnam’s General Secretary To Lam to Azerbaijan in May 2025 were noted as pivotal in strengthening bilateral ties.
The meeting underscored the implementation of agreements from the third Azerbaijan-Vietnam Intergovernmental Commission meeting held in Hanoi in 2025, focusing on economic, trade, scientific, and technical cooperation. Azerbaijan’s role as a traditional partner in Vietnam’s oil and gas sector was emphasized, with more than 1.1 million tons of crude oil supplied to Vietnam since 2023. Discussions included potential continued oil supplies, partnerships between SOCAR and PetroVietnam, and prospects for LNG supply.
Attention also centered on renewable energy, with discussions on establishing solar and wind power plants in Azerbaijan based on a Memorandum of Understanding with Vietnam’s ROX Group. The importance of diversifying trade and promoting mutual investments was highlighted, noting seven Vietnamese-invested companies in Azerbaijan.
The meeting evaluated the positive growth in transport and logistics cooperation, with a significant increase in Vietnam-related transit through Azerbaijan. Personnel training for the energy sector and academic cooperation were also discussed.