Azerbaijan’s capacity to help meet energy demand in Europe and beyond is gradually expanding. In this context, its immediate neighbors, Georgia and Armenia, also offer important prospects for regional cooperation. Meanwhile, new projects in the Caspian Sea are creating additional opportunities to develop energy partnerships, Gaurav Sharma, an energy market analyst, senior contributor to Forbes, and independent consultant, told AZERTAC.
According to him, the scope of international cooperation in Azerbaijan’s energy sector is broad.
“European partners sharing their technical expertise with Azerbaijan could help improve the country’s energy infrastructure, foster mutually beneficial cooperation, and facilitate the implementation of new projects. Such cooperation could attract billions of euros in investment to the energy sector. As a result, Azerbaijan could further expand its energy potential, while the European Union, particularly Southern European countries, could gain a reliable, long-term energy partner,” Gaurav Sharma added.
