Azerbaijan prioritizes dev' of all energy sources - minister (PHOTO)

[ad_1] BAKU, Azerbaijan, Might 2. In a latest deal with on the Istanbul Pure Sources Summit's ministerial session on "Shifting Dynamics in Securing Provide: Challenges and Alternatives", Azerbaijan's Vitality Minister Parviz Shahbazov underscored the nation's dedication to creating all types of vitality as a strategic precedence, Development studies.

The minister highlighted Azerbaijan's pivotal function as a provider of oil and pure fuel amid present international realities. He famous the rising significance of joint initiatives with Türkiye, together with plans to ship roughly ten billion cubic meters of fuel to the nation this 12 months. Türkiye, he emphasised, holds crucial significance not solely as a shopper but in addition as a key transit nation by means of which Azerbaijani vitality assets are transported to European markets.

Addressing international vitality challenges, the minister identified that political and ideological biases towards hydrocarbons may hinder mandatory investments within the fuel sector and the event of infrastructure important for vitality supply.

"Quite than viewing vitality sources by means of a political or ideological lens, it's important to concentrate on creating pragmatic vitality methods. With the worldwide inhabitants and vitality demand on the rise, we won't have the luxurious of losing vitality within the future. That's the reason we've got prioritized the event of all present types of vitality. We've got already initiated a number of regional initiatives that, if realized, will contribute positively to each vitality safety and environmental sustainability," he mentioned.

Concluding his remarks, the minister emphasised the need for long-term contractual mechanisms to help fuel provide plans, significantly in mild of Europe's rising demand for vitality assets. With out such ensures, large-scale investments in fuel manufacturing carry important dangers, significantly within the absence of assurances concerning supply and market entry.

Concerning the event of inexperienced vitality interconnectors, the minister famous that Azerbaijan is actively cooperating with Türkiye, Georgia, Romania, Bulgaria, and nations in Central Asia. "These initiatives won't solely hyperlink areas but in addition strengthen vitality and local weather safety. They characterize the vitality infrastructure of the long run," he added.

The discussions have been moderated by the Turkish Minister of Vitality and Pure Sources, Alparslan Bayraktar, and have been attended by ministers from Iraq, Egypt, Libya, Bulgaria, Romania, and Moldova.