Latest news with #11thSouthernGasCorridor
Euronews
15-04-2025
- Business
- Euronews
Azerbaijan's energy ambitions: Baku summit highlights Southern Gas Corridor and green transition
ADVERTISEMENT The 11th Southern Gas Corridor and 3rd Green Energy Advisory Council meetings were held in Baku, bringing together representatives from 24 countries. Azerbaijan's Energy Minister Parviz Shahbazov outlined plans to expand gas delivery to Europe and increase renewable capacity to over 33% by 2027. The EU's Energy Commissioner Dan Jørgensen reaffirmed Europe's aim to reduce reliance on Russian gas while supporting the energy transition. Regional cooperation was reinforced with updates on the Caspian–Black Sea–EU Green Corridor and a new interconnection project linking Azerbaijan with Central Asia for the first time.
Euronews
11-04-2025
- Business
- Euronews
Baku energy talks strengthen EU–Azerbaijan partnership on gas and long-term energy security
ADVERTISEMENT Baku hosted the 11th Southern Gas Corridor and 3rd Green Energy Advisory Councils, uniting officials from 24 countries. The EU and Azerbaijan reinforced energy ties, with discussions on renewables, hydrogen, and emissions reduction. Over 25 billion cubic metres of Azerbaijani gas was delivered last year, with a growing share reaching EU markets. Bulgaria announced work on the Vertical Gas Corridor, while Masdar confirmed $1.2 billion in renewable investments. A new memorandum signed by Azerbaijan, Kazakhstan and Uzbekistan supports the Caspian Green Energy Corridor, aiming to boost cross-border electricity trade and accelerate clean energy transition.
