Minister of Energy held a series of bilateral meetings within COP31

Minister of Energy Parviz Shahbazov held bilateral meetings with Bulgaria’s Energy Minister Iva Petrova and Executive Director of the International Energy Agency (IEA) Fatih Birol within COP31 in Antalya.

During the meeting with the Bulgarian Minister, cooperation in the natural gas sector and the development of the Azerbaijan-Georgia-Türkiye-Bulgaria Green Energy Corridor were discussed. The parties considered the establishment of a joint venture for the corridor and the initiation of a feasibility study. It was noted that the project would facilitate the development of new renewable energy capacities and enable the electricity export generated in Azerbaijan to Türkiye and European markets. The parties also exchanged views on the participation of European companies in the projects, financing opportunities and technological cooperation.

During the meeting with Fatih Birol, the IEA’s support for the development of COP29 energy initiatives was highly appreciated. The discussions focused on the growing role of electrification in the energy transition, cooperation between Azerbaijan and the IEA in this area, and opportunities to review their joint efforts in the light of emerging priorities. The role of natural gas in ensuring energy security and the opportunities offered by green energy corridors for expanding electrification were also addressed. The parties further considered the continuation of Azerbaijan’s dialogue and technical cooperation with the IEA on the electrification agenda.