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SOCAR and Tree Energy Solutions ink Joint Research Agreement
COP29
- 21 November, 2024
- 13:04
A Joint Research Agreement was signed between the State Oil Company of Azerbaijan (SOCAR) and the global green energy company Tree Energy Solutions (TES) to explore the development of an electric natural gas (e-NG) project in Azerbaijan, Report informs, citing SOCAR.
According to the document signed on the sidelines of COP29 in Baku, joint activities are planned to evaluate the technical, economic, and commercial feasibility of implementing TES's advanced upstream modular technology in the region.
Azerbaijan's strategic position and SOCAR's extensive energy experience create favorable opportunities for e-NG production in the country. Additionally, e-NG produced in Azerbaijan can be delivered to Europe via the Southern Gas Corridor.
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