BAKU: Azerbaijan, Kazakhstan, and Uzbekistan are poised to sign an intergovernmental agreement on strategic partnership in the development and transfer of green energy at the upcoming COP29, as part of their commitment to establishing a new energy corridor that begins in Central Asia.

According to Trend News Agency, Azerbaijan’s Minister of Energy, Parviz Shahbazov, highlighted the collaborative efforts in an article, stating the significance of the partnership among these countries. He detailed that the agreement would be signed within the framework of the Investment Forum on Energy Transition for Central Asia, emphasizing the strategic initiatives to bolster energy transition in the region.

The minister further elaborated on the preparatory work that led to this significant agreement. Following the Memorandum of Cooperation signed between the three countries in the previous year, which envisioned the creation of a joint communication and green energy corridor, the Terms of Reference for the project’s feas
ibility study were swiftly approved. The Italian company CESI was chosen to develop the feasibility study, marking a crucial step towards establishing a Joint Venture headquartered in Baku for the project.

Shahbazov also discussed the broader implications of the green energy corridors, including “Caspian-Black Sea-Europe,” “Azerbaijan-Turkiye-Europe,” and “Azerbaijan-Central Asia-Europe.” These corridors aim to link production and consumption centers across regions and continents within a renewable energy system, enhancing the security of energy supply to Europe and supporting the shift to cleaner energy sources.

The strategic mission of Azerbaijan, as outlined by Shahbazov, is to channel green energy to Europe through various routes from reliable sources in the Caspian Sea and Central Asia regions. He underscored the importance of these interconnectors in enhancing grid resilience and facilitating greater integration of renewable energy between regions, especially in light of global challenges.