“The integration of 2,700 MW of wind and solar energy into our national grid by 2030 will allow us to save approximately 1.5 billion cubic meters of natural gas — an additional source of energy supply,” said Parviz Shahbazov, Azerbaijan’s Minister of Energy, as he addressed the Baku Energy Forum.
“However, to transport these volumes efficiently, we must expand our regional transmission infrastructure, including the Southern Gas Corridor,” the minister noted.
According to him, over the past 30 years, the global share of hydrocarbons in primary energy has changed only marginally — by just 5 percent.
“The diversification of energy sources, resources, trade routes, and supply chains should remain a top priority for ensuring sustainable energy security. There is no better time than now to adopt realistic, pragmatic policies, offering clarity and predictability to investors and laying the foundation for long-term development,” he mentioned.
“During this Baku Energy Week, we are also advancing key agreements such as TPAO’s participation in the Shafag-Asiman project; a deal with ExxonMobil onshore oil and gas; and further agreements with MOL, ITOCHU, and Gran Tierra Energy — all representing meaningful progress in this direction,” Shahbazov added.
