The Azerbaijan State News Agency


Azerbaijan's energy policy, based on peace and cooperation

Azerbaijan's energy policy, based on peace and cooperation

Baku, March 5, AZERTAC

“Following its early 1990s independence and international recognition, Azerbaijan pursued transparent management and distribution of its natural resources in order to safeguard the interests of all parties involved, including governmental interests. During the initial years of its independence, Azerbaijan endeavored to establish democratic statehood customs and governance methods grounded in multicultural principles,” said Milli Majlis member Mazahir Afandiyev in his statement.

“The nation's leader, Heydar Aliyev, led the signing of the Contract of the Century in 1994 as a consequence of his persistent efforts, which at the time guaranteed the interests of all parties in the continued development of the world and the region and has preserved its stability to this day. The Contract of the Century's implementation gave the Azerbaijani state more international legitimacy and authority, in addition to making it a trustworthy ally. One of the main pillars of our independence, the oil accord, also served as a significant source of funding for the expansion of our economy and the Second Karabakh-Patriotic War Victory.

President Ilham Aliyev views energy policy as the primary tool to protect Azerbaijan's integrity, stability in the region, and safe, sustainable growth. He has made energy policy a priority in the country's multi-vector foreign policy. In addition to implementing several large-scale projects to connect the North-South and West-East logistics corridors over the past 20 years, our nation has remained dedicated to an energy strategy based on fresh obstacles during a time when the political landscape of the world has changed. All of this heightens the interest that the European Union and its member states have in Azerbaijan.

These days, Azerbaijan is successfully managing its oil contracts and growing its gas output quantities annually. Meanwhile, identifying alternative energy sources, which is one of the challenges of the fourth industrial revolution, enriching the green agenda, and being an integral part of Azerbaijan's energy policy, plays an important role in the development and implementation of future projects.

Our nation has come a long way in the last few years in providing natural energy to other nations. The nation helped to diversify the TAP and TANAP gas pipelines, which have a length of over 3,500 kilometers and traverse over 20 nations as well as over 40 foreign businesses. This allowed for the production of gas to be supplied to the European market.

Because of its involvement in the Southern Gas Corridor project, Azerbaijan, which has shown the entire world that it is a trustworthy partner, is currently creating a new chapter in its spectacular history. “Our word means the same as our signature. All the plans, which we've put in front of ourselves, I'm sure, will be implemented,” President Ilham Aliyev noted during his speech at the 10th Southern Gas Corridor Advisory Council Ministerial Meeting and the 2nd Green Energy Advisory Council Ministerial Meeting held on March 1, 2024, in Baku.

Our nation has shown positive leadership in the development of alternative energy sources and the global solution of environmental issues through the hosting of the Southern Gas Corridor Advisory Council's anniversary meeting and the Green Energy Advisory Council's second ministerial meeting.

In addition to its natural gas and oil resources, Azerbaijan will start utilizing alternative wind and solar energy as soon as possible based on agreements reached. This will open up more chances to save natural resources, decarbonize the economy, and stop pollution in the environment overall, as stipulated in the Paris Climate Agreement.

As a result, the three-year-old Southern Gas Corridor project is not only one of Eurasia's biggest infrastructure undertakings, but it also advances global peace and stability as well as the political, cultural, and economic links between the peoples of the states bordering the pipeline.

The fact that Azerbaijan is hosting COP29 this year with the unanimous consent of all states around the globe is not a coincidence. This demonstrates unequivocally the importance that our nation places on global energy initiatives as well as energy policy in general,” the statement said.

Share news on social media

Follow us on social network

Azerbaijani boxer claims European crown

Azerbaijan Defense Minister meets with the King of the Hashemite Kingdom of Jordan

Foreign Minister of Azerbaijan embarks on working visit to Uzbekistan

Azerbaijan women’s 3x3 national basketball team qualifies for Paris 2024 Summer Olympics

Azerbaijani Minister of Defense pays official visit to Jordan

Azerbaijan Army holds seminars on gender equality

Meloni: "The birth rate is a priority of the government, the rented uterus becomes a universal crime"

Biden reaffirms Israel support after Iran attack

UK climate change minister Graham Stuart resigns

Türkiye's famous film studio where historical series are filmed, opens its doors

Azerbaijani FM meets with candidate for UNESCO director general post

Georgian Parliament Speaker, Kazakh President discuss cooperation

Spanish midfielder Luis Alberto: ‘I have asked to leave Lazio’

Death toll from Italian hydroelectric plant explosion rises to 7 as the last bodies are recovered

Swiss university develops hopping robot to explore asteroids

Formula 1 Azerbaijan Grand Prix 2025 date announced

At least 13 people are killed and an estimated 15,000 displaced by flooding in Kenya

China's foreign trade up 5 pct in Q1, hits new records

UN hosts joint briefing on 6th World Forum on Intercultural Dialogue

Azerbaijani servicemen's combat and moral-psychological training is at high level, Defense Ministry

98 stranded midair rescued after cable car accident in southern Türkiye

Azerbaijani oil price exceeds 94 dollars

EU is Azerbaijan’s biggest supporter when it comes to de-mining, says EU committee chair

Oil prices go up in global markets

Azerbaijani gymnast clinches gold in Kyrgyzstan

EU committee chairperson: Time has come for concrete steps to ensure peace and stability in the region

Azerbaijan Army positions once again subjected to fire, Defense Ministry

Slovenian edition: There is a historic opportunity for the establishment of lasting peace

Representative of the President of the Republic of Azerbaijan on special assignments pays working visit to Slovenia

Azerbaijani Foreign Minister briefs his Tajik counterpart on the preparations for COP29

Azerbaijan Army positions subjected to fire

Ganja declared CIS sports capital in 2025

Foreign Ministry: Armenia continues to harm biodiversity and living nature of Azerbaijan

First formal proceedings in Azerbaijan’s claim within inter-state arbitration held in Hague

Russia sends its military instructors to Niger — national TV

Azerbaijani and Belarusian FMs discuss bilateral relations

Atalanta stun Liverpool 3-0 at Anfield

Sergey Markov: US and EU seek to destabilize the situation in the South Caucasus

Ukrainian parliament passes bill tightening rules of mobilization

Aston Villa beat Lille in their Europa Conference League quarter-final first leg match

Aida Mahmudova's personal exhibition "A Dream Unfolds" at Vision Art Platform

Fenerbahce suffer 3-2 loss to Olympiacos in Conference League

Yen falls to 153 level against dollar for first time in nearly 34 years

Western Azerbaijan Community appeals to US government regarding Ambassador Kristina Kvien's statement

Azerbaijani servicemen’s leisure time is organized at a high level, Defense Ministry

We support position of brotherly, friendly, allied countries, especially Northern Cyprus and Azerbaijan, says Turkish defense minister

Britain announces Indo-Pacific military exercises with US, Japan

Meta introduces new artificial intelligence training chip

Georgian PM to meet Chancellor, other officials in Germany visit

Azerbaijani rhythmic gymnasts to compete in international tournament

Europa League: AC Milan to face Roma in quarter-finals

Over 3,600 courtyards, 2,000 households flooded in Russia’s Orenburg

Azerbaijan Land Forces hold paramilitary cross championship

Azerbaijan Army holds series of events on Ramadan holiday

Development of regions as crucial component of continuous socio-economic development strategy  – Video report from Hajigabul

Azerbaijani FM heads to Belarus for working visit

Azerbaijani oil price declines in global markets

Pakistan truck accident kills 13, injures 30

Barcelona beat Paris Saint-Germain on road in 5-goal thriller

President's visits to the regions – dynamic development and balanced approach

Gabala district as an example of rapid development of regions - VIDEO REPORT

Unique Ecological Park, huge Sport Palace and new football stadium – report from Ganja

State Border Service: Border patrol agent wounded as a result of gunfire opened from the Armenian Armed Forces

David Cameron says UK won't suspend arms exports to Israel

China, Japan and South Korea looking to hold summit in May, reports say

Biden administration preparing to prevent Americans from using Russian-made software over national security concern

Vice-President Mehriban Aliyeva shared Instagram post on Eid al-Fitr

President Ilham Aliyev shared post on Eid al-Fitr

Hong Kong seizes over $10 million worth of gold disguised as machine parts in record smuggling büst

Azerbaijan and Italian foreign ministries hold another round of political consultations

Admission of new conscripts in military units continues

Azerbaijan, Tajikistan discuss cooperation in environmental protection

Release of the Press Service of the President

Team of Baku Higher Oil School ranks second in business competition

Hundreds evacuated from holiday park as flooding and rain batters south west coast of UK

Graduation ceremony in Icherisheher honors Mak'TAB alumni

® The winners announced: Azerbaijan Business Case Competition held in partnership with Kapital Bank

A painstakingly reconstructed ancient Roman helmet goes on display

British Foreign Secretary David Cameron meets with Trump ahead of DC visit

Baku State University, Turkish Istanbul University discuss expansion of cooperation

Azerbaijani strongman clinches world silver in Dubai

Chairman of Parliament: Kyrgyzstan attaches significance to fraternal relations with Azerbaijan based on ancient historical bonds

New building of secondary school in Bum settlement of Gabala was inaugurated VIDEO

Azerbaijan Army positions in Nakhchivan direction subjected to fire, Defense Ministry

President Ilham Aliyev attended opening of Boyuk Pirali-Kichik Pirali-Khirkhatala-Jighatelli-Hamzali highway VIDEO

Gabala District Central Hospital was inaugurated VIDEO

“Hajialili" power substation and Regional Training Center were inaugurated in Gabala VIDEO

Azerbaijan, Kazakhstan mull COP29 preparations

Sadyr Japarov: Relations between Kyrgyzstan and Azerbaijan further strengthened in recent years

Azerbaijan, Uzbekistan to hold computer-assisted command-staff exercise

Climate change: 'Uncharted territory' fears after record hot March

President Ilham Aliyev visited statue of National Leader Heydar Aliyev in Gabala city VIDEO

Baku to host 2025 European Mixed Team Badminton Championships

Azerbaijani female footballers to face Switzerland in European qualifier

European ports turned into ‘car parks’ as vehicle imports pile up

Release of the Press Service of the President

At least 14 killed in road accidents in NW Kenya

Azerbaijan’s Nijat Abasov to take on Indian Dommaraju Gukesh in Candidates 2024 R5

Over 85,000 people rescued from flood-hit areas in Kazakhstan

Tesla's Musk predicts AI will be smarter than the smartest human next year