In this episode of Focus, leaders gather in Baku to advance EU–Azerbaijan energy cooperation, combining natural gas delivery with investment in renewables, hydrogen and cross-border infrastructure for a sustainable future.
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00:00This gathering marks yet another significant milestone in our successful efforts to strengthen
00:08the synergy between energy security and energy transition within this framework.
00:23Energy leaders from around the world gathered for a crucial meeting in Baku.
00:28The 11th Southern Gas Corridor Advisory Council and the 3rd Green Energy Advisory Council brought
00:34together representatives from 24 countries.
00:38The focus was on strengthening a strategic energy partnership between the European Union
00:44and Azerbaijan, with the aim to deliver not just natural gas, but new momentum in renewables,
00:51energy efficiency, security, environmental protection and cleaner energy.
00:56When we get rid of Russian gas in Europe, obviously we need alternatives, and many of the countries
01:01here today are willing to help us find those alternatives.
01:05Also, we are in the middle of a green transition, not only in Europe, also in many of the businesses
01:11that are here today, and we want to work together on that.
01:14Now in its fourth year of operation, the Southern Gas Corridor remained a key theme.
01:19Last year alone, it delivered more than 25 billion cubic meters of Azerbaijani gas, with over half
01:26going to EU countries, a 57% increase since 2021.
01:32Countries like Azerbaijan, 30% renewables and gas fires, the total combination is the lowest
01:38emissions possible, but most importantly, the most reliable and stable prices.
01:43The beauty of renewables under long-term PPAs is you get a flat, low price for the next 20,
01:5030, 40 years, instead of the big volatility that we have seen with the gas prices in Europe
01:56in recent times.
01:57During the event, the Minister of Energy for Bulgaria announced that they will be the first
02:02country to start construction of the Vertical Gas Corridor.
02:06We are planning to extend our interconnectivity in the gas sector with our neighbors from
02:11Greece, which will help us also to provide more and more gas quantities from the Southern
02:16Gas Corridor.
02:17We are going to extend our capacity with 50% related to investments in the Vertical Gas Corridor
02:24here.
02:25Industry leaders and officials also tackled key priorities, like investing in infrastructure,
02:32reducing methane emissions and building greener energy networks.
02:36This project is really important because in Uzbekistan, we have really ambitious goals.
02:41By 2030, we are committed to install the renewable capacities, at least 50% of the renewable capacities
02:48in Uzbekistan.
02:49So, which means we have renewable generation will be at least 25 gigawatts by 2030, which creates
02:55a lot of opportunity for the surplus power to export to Europe.
02:58Following the hosting of COP29 in the city, the momentum is now firmly on renewable energy
03:04corridors, storage solutions and hydrogen production.
03:09Asda is a global energy renewables company and began collaborating with Azerbaijan in 2018
03:15to develop a variety of energy projects.
03:17The total amount that we've committed is exceeding 1.2 billion US dollars in terms of value.
03:23The capacity that we've committed exceeds 1.2 gigawatts.
03:26A big part of it is solar and 250 megawatts is the wind portion of that capacity.
03:34We think there is a lot more to do in Azerbaijan, in the renewable energy sector.
03:41From pipelines to green power lines, Baku is charting a path to a more secure and sustainable
03:47energy future.
03:49During the event, there was also an EU-Azerbaijan roundtable meeting on offshore wind power development
03:55between leading energy companies and financial institutions.
03:59Today, already signed contracts with our investors on solar and wind power stations will allow
04:10us to have, by 2030, 6 gigawatts of solar and wind energy.
04:18As I said, that will save a lot of natural gas, which we today use to produce electricity domestically,
04:25and that will all be available for export.
04:28The energy ministries of Azerbaijan, Kazakhstan and Uzbekistan also signed a memorandum at the
04:34event for the Caspian Green Energy Corridor.
04:37The goal is to unlock cross-border electricity trade and accelerate the region's shift to renewables.
04:45In Baku, the discussions reinforced the message that energy diplomacy is not just about powering
04:51nations, it's also about powering the future.
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