(MENAFN- AzerNews)
By Ayya Lmahamad
Azerbaijan and Turkiye have discussed the opportunities of
exporting electricity to Turkiye and Europe via the Zangazur
corridor, Azernews reports.
The discussion occurred during a meeting between Azerbaijan's
Energy Deputy Minister Elnur Soltanov and the delegation led by
Turkiye's energy and Natural Resources Deputy Minister Alparslan
Bayraktar.
During the meeting, the parties touched upon the issue of the
electricity swap between Azerbaijan and Turkiye. They discussed the
possibility of transit and export of electricity through Turkiye,
as well as the Azerbaijan-Georgia-Romania Black Sea submarine cable
project. In this regard, they underlined the importance of
increasing efforts to contribute to regional cooperation in the
field of electricity to strengthen the energy supply security of
the region.
Touching upon the bilateral and regional benefits of energy
cooperation between the two countries, the sides discussed global
energy projects such as the Baku-Tbilisi-Ceyhan oil pipeline and
the Trans-Anatolian Natural Gas Pipeline (TANAP).
They emphasized that TANAP, a joint project of Azerbaijan and
Turkiye, plays an important role in ensuring the energy security of
Europe as one of the main energy sources along with meeting
Turkiye's natural gas demand. In the context of growing gas demand
in the region, the parties also discussed the steps taken to supply
additional gas volumes.
Moreover, the sides briefed on the projects implemented in the
direction of transformation of Karabakh and East Zangazur into
green energy zone, stressing that there are wide opportunities for
participation of Turkish investors in these processes.
The parties also exchanged views on holding the next
Azerbaijan-Turkiye Energy Forum and other issues of mutual
interest.
Azerbaijan and Turkiye collaborate in a variety of economic
sectors and have completed major energy and infrastructure
projects, such as Baku-Tbilisi-Ceyhan, Baku-Tbilisi-Kars, and
TANAP. Turkiye imports Azerbaijani natural gas through the South
Caucasus Gas Pipeline (Baku-Tbilisi-Erzurum) and TANAP. Azerbaijan
supplies gas to Turkiye only from the offshore Shah Deniz
field.
In 2021, Azerbaijan and Turkiye signed the Shusha Declaration on
Allied Relations, which focuses on defense cooperation, promoting
regional stability and prosperity, and establishing new transport
routes.
The two countries set up a goal to bring the mutual trade
turnover to $15 billion in 2023. As of 2021, the trade turnover
between the two countries amounted to $4.6 billion. So far, Turkiye
is Azerbaijan's second-largest investor followed by the UK.
Additionally, Turkiye was one of the first countries that
expressed its interest and readiness to participate in the
restoration of Azerbaijan's liberated territories.
--
Ayya Lmahamad is AzerNews' staff journalist, follow her on
Twitter: @AyyaLmahamad
Follow us on Twitter
@AzerNewsAz
MENAFN03082022000195011045ID1104638848
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.