Azerbaijan and Bulgaria have discussed cooperation in the natural gas sector, as well as the development of the Azerbaijan-Georgia-Türkiye-Bulgaria Green Energy Corridor.
The discussions took place during a meeting between Azerbaijan’s Minister of Energy, Parviz Shahbazov, and Bulgaria’s Minister of Energy, Iva Petrova, on the sidelines of COP31 in Antalya.
The parties considered the establishment of a joint venture for the corridor project and the launch of work on its feasibility study. It was noted that the project could support the development of new renewable energy capacity and enable electricity generated in Azerbaijan to reach the Turkish and European markets.
They also exchanged views on the participation of European companies in the project, potential financing sources and opportunities for technological cooperation.
Shahbazov also held a bilateral meeting with Fatih Birol, Executive Director of the International Energy Agency (IEA), on the sidelines of COP31. The parties highlighted the IEA’s support in developing the energy initiatives of COP29.
The discussions covered the growing role of electrification in the energy transition, cooperation between Azerbaijan and the IEA in this area, and opportunities to align their previous joint work with emerging priorities.
The meeting also addressed the role of natural gas in ensuring energy security and the contribution green energy corridors could make to expanding electrification. The parties further considered continuing dialogue and technical cooperation with the IEA on Azerbaijan’s electrification agenda.
https://report.az/energetika/azerbaycan-bolqaristanla-qaz-sahesinde-emekdasligi-muzakire-edib