Azerbaijan, Finland Discuss Development Of Energy Cooperation
Date
10/31/2022 7:07:21 AM
(MENAFN- AzerNews) By Ayya Lmahamad
Azerbaijan and Finland have discussed opportunities for the
development of energy cooperation, Azernews reports.
The discussion took place during a meeting between Azerbaijan's
Deputy Energy Minister Samir Valiyev and a delegation led by
Finnish Foreign Ministry Under-Secretary of State for external
economic relations Nina Vaskunlahti.
During the meeting, the parties noted the important role of the
Southern gas Corridor in ensuring energy security in the region and
the diversification of energy resources. In this regard, they
emphasized the importance of the memorandum of understanding on the
strategic energy partnership signed between the European Union and
Azerbaijan.
Information was provided on energy projects being implemented in
Azerbaijan, the development of renewable energy sources, and
measures being taken to create a green energy zone in the country's
liberated territories.
The sides noted that there is an opportunity to study Finnish
experience in this area, as well as great potential for Finnish
companies to participate in projects.
The meeting included an exchange of views on a number of other
areas of energy cooperation of mutual interest.
Diplomatic relations between the two countries were established
on March 24, 1992.
In total, five documents were signed between the Republic of
Azerbaijan and the Republic of Finland. Over 10 Finnish companies
have been operating in Azerbaijan in sectors such as industry,
trade, construction, and services. The trade turnover between the
two countries amounted to $25.8 million in 2021.
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Ayya Lmahamad is AzerNews' staff journalist, follow her on
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