The recent Southern Gas Corridor meeting in Baku, Azerbaijan saw discussions on expanding gas supply for Europe. The meeting included representatives from 23 countries, focusing on diversifying gas supply for the EU and neighboring nations. A key point of discussion was ensuring long-term energy security, supply diversification, and transitioning to green and renewable energy. Azerbaijani President Ilham Aliyev highlighted the country’s commitment to using its oil and gas revenues to invest in renewables. The strategic energy partnership between Azerbaijan and the EU was also a major topic, along with achievements and future plans for the Southern Gas Corridor, which saw a nine percent increase in gas exports last year.
European Commissioner for Energy, Kadri Simson, emphasized the importance of collaboration and future-proof cooperation in transitioning away from fossil fuels. The meeting showcased the willingness of new partner countries to receive additional gas volumes. Industry experts believe that collaboration across the sector will be crucial for its development in the coming decades. The Southern Gas Corridor is seen as a crucial route for gas supply diversification, offering benefits for both the EU and its neighboring countries. The discussions emphasized the importance of working together to ensure energy security and a sustainable energy transition.
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