Parviz Shakhbazov on contribution of Azerbaijan to energy integration of Turkic countries

Strategic initiatives of the President of Azerbaijan Ilham Aliyev and our victory in the Patriotic War created many years later the possibilities for the geographical unity of the Turkic world through the Zangesur corridor.

This was stated by the Minister of Energy of AR Parviz Shakhbazov, speaking at the second meeting of the ministers of the energy of the organization of Turkic states (OTG) in Almaty, Kazakhstan.

It was noted that the trade turnover of our country with members of the organization exceeded $ 4.6 billion. Investments in these countries in our economy amount to $ 13.8 billion, and Azerbaijan investments in member states are $ 21.3 billion.

At the first meeting of the Energy Ministers of the OTG, the contribution of Azerbaijan to the energy community of the Turkic states over the past period was noted. It was stated that the transportation of electricity along the Zangesur corridor through Turkey and power transmission through the underwater line through the Black Sea, which Hungary will also join, ensure the energy unity of the Turkic states, as well as their integration with Europe.

In particular, the prospects of the Baku-Tbilisi-Jahan pipeline and the southern gas corridor were brought to the attention: “The role of Tanap and TAP in diversified and sustainable energy supply required the resumption of the EU strategic energy partnership with Azerbaijan and the increase in exports to Europe to 20 billion cubic meters to 2027. The expansion of the southern gas corridor not only strengthens the positions of Azerbaijan and Turkey in ensuring energy security in a wide geographical space, but also creates opportunities for fraternal countries to new markets. “

It was noted that from last year to the present, 9.6 billion was delivered through Tanap and TAP to Turkey, and Europe – more than 16 billion cubic meters of “blue fuel”.