Energy Minister of Azerbaijan Parviz Shahbazov held bilateral meetings with Bulgaria’s Energy Minister Iva Petrova and International Energy Agency (IEA) Executive Director Fatih Birol on the sidelines of COP31 in Antalya.
During the meeting with the Bulgarian minister, the parties discussed cooperation in the natural gas sector and the development of the Azerbaijan-Georgia-Türkiye-Bulgaria Green Energy Corridor. They considered establishing a joint venture for the corridor and launching a feasibility study. It was noted that the project would facilitate the development of new renewable energy capacity and enable electricity generated in Azerbaijan to be exported 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 parties highly appreciated the IEA’s support for the development of COP29 energy initiatives. 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 light of emerging priorities. The parties also discussed the role of natural gas in ensuring energy security and the opportunities green energy corridors offer for expanding electrification. They further considered continuing Azerbaijan’s dialogue and technical cooperation with the IEA on electrification.
