Ministry of Energy of the Republic of Azerbaijan

07/02/2024 | Press release | Distributed by Public on 07/02/2024 06:34

Minister of Energy of Azerbaijan and Minister of Environment and Energy Security of Italy held a meeting in Milan

Energy Minister Parviz Shahbazov met with Gilberto Pichetto Fratin, Minister of Environment and Energy Security of Italy in Milan. The sides discussed a broad range of cooperation in the energy sector and within the Azerbaijan's chairmanship of COP29 and Italy's G7.

The sides expressed satisfaction with the high level of friendly and strategic partnership relations and the development of cooperation between Azerbaijan and Italy. It was emphasized that the President of the Republic of Azerbaijan H. E. Mr. Ilham Aliyev attaches importance to the comprehensive development of relations with Italy. The fact that Italy is the main trading partner of Azerbaijan, that more than 30 bcm out of 37.9 bcm of gas supplied to Europe have been transported to this country, and that Azerbaijan is among the top three in the gas supply of Italy were noted as positive points. It was noted that gas supplies to Italy are projected at 9.6 bcm this year, and the expansion of TAP's transmission capacity by 1.2 bcm from 2026 will strengthen our cooperation on energy security and decarbonization. The cooperation with Ansaldo Energia on the supply of 1280 MW power plant and substations in the liberated territories with equipment was also discussed and prospects for the supply of renewable energy were assessed. Italy's interest in supplying green energy from Azerbaijan through the Caspian-Black Sea-European Green Energy Corridor was expressed.