Azerbaijan, IEA join forces to reach global cooperation on energy efficiency

Azerbaijani Energy Minister Parviz Shahbazov and Executive Director of the International Energy Agency (IEA) Fatih Birol held a meeting at the Energy Ministry of Azerbaijan, Report informs, citing the ministry.

At the meeting, the situation in the global oil and gas markets, factors affecting the dynamics of demand for gas in Europe, as well as the growth of renewable energy consumption and modern trends in energy supply were reviewed. Noting that Azerbaijan has already proved to be a reliable energy partner for Europe, Fatih Birol thanked our country for its support in gas supplies to Europe in difficult times of energy supply. During the conversation, the increase in gas exports to Europe was assessed in the context of the attitude towards fossil fuels.

During the meeting, Azerbaijan's renewable energy course, its concept for the development of Karabakh, Eastern Zangazur and Nakhchivan as a green energy zone, its activities in the direction of creating Caspian-Black Sea-Europe, Azerbaijan-Türkiye-Europe and Central Asia-Europe green energy corridors were discussed. In the transition to green energy, issues that ensure the strengthening of the network, which play an important role in the integration of renewable energy powers into the energy system, were discussed. In this regard, the importance of supporting activities on energy storage systems, high-voltage direct current (HVDC) cables, as well as improving energy efficiency and global cooperation was emphasized. Joint cooperation on the matters that are on the agenda of energy activities within COP29 was agreed.

“We had interesting discussions with the Executive Director of the International Energy Agency Fatih Birol on the situation in the oil and gas market, the current and future roles of Azerbaijan in energy supply, and cooperation on the matters that are on the agenda of energy activities within COP29. We reached an agreement with the IEA on joint activities to promote Azerbaijan's green energy zone and green energy corridor initiatives and achieve a global cooperation on energy storage systems, high-voltage direct current (HVDC) cables, and energy efficiency,” Parviz Shahbazov said in a post on X.