13:06 - 30.12.2022

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December 30, Fineko/abc.az. For many years, Azerbaijan has put forward initiatives and taken practical steps to develop economic, energy and transport communications of regional and global importance. This year further enhanced the role of Azerbaijan in ensuring international energy security, and transit transportation, ABC.AZ reports with reference to the Ministry of Foreign Affairs.

The Memorandum of Understanding on Strategic Partnership in the field of energy between the EU and Azerbaijan was signed in Baku on 18 July 2022.

The MoU includes the expansion of the traditional energy partnership, as well as potential cooperation on green and renewable energy. By 2027, the MoU aimed at increasing the potential of the Southern Gas Corridor to 20 bn cu m, is considered an important step in diversifying the energy supply of the Western Balkan region.