The war in Ukraine and the related energy crisis forced Europe to look for alternative sources of energy. In this situation, Azerbaijan is becoming an increasingly important player, making a significant contribution to the continent's energy security.
Benefits for Europe
Diversification of supply: Azerbaijan offers Europe the opportunity to diversify energy sources, reducing dependence on Russia.
Reliability: Azerbaijan has rich experience in supplying energy resources to Europe. Thanks to reliable infrastructure and a stable political situation, the country has established itself as a reliable
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Sustainable development: Azerbaijan invests in the development of renewables, contributing to the decarbonization of the European economy.
Interested companies
BP: The British oil and gas company BP is one of the largest investors in the energy sector of Azerbaijan.
TotalEnergies: The French energy company TotalEnergies also actively cooperates with Azerbaijan in the field of exploration and production of energy resources.
SOCAR: The state oil company of Azerbaijan, SOCAR, is a key partner of European energy companies.
Experts believe that Azerbaijan can play a significant role in ensuring Europe's energy security.
European countries are already increasing the volume of imports of energy resources from Azerbaijan.
It is expected that cooperation between Azerbaijan and Europe in the energy sphere will only increase.
Azerbaijan has significant potential to become one of the key energy suppliers for Europe. Cooperation with Azerbaijan will help Europe diversify energy sources, reduce dependence on Russia and ensure its energy security.
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