Baku: Azerbaijan has significantly bolstered its standing in the global energy market through strategic investments in recent years, as highlighted by Pattabi Seshadri, Managing Director and Senior Partner at Boston Consulting Group (BCG). He shared these insights during the 'Leaders' Speeches: Leaders' Perspectives on Energy Transformation and Future Strategies' session held at the Baku Energy Forum, according to APA-Economics.

According to Azeri-Press News Agency, Seshadri emphasized the growing international interest in Azerbaijan, attributing it to the country's focused energy investments. "It is wonderful to be back in Baku after several years. The energy and dynamism here are remarkable. This is the result of investments directed into the country. One could say that the rest of the world has rediscovered this hidden gem," he remarked.

Seshadri also referenced a recent report by BCG and INSEAD, which identified competitiveness and trust as crucial components for energy transition. He noted that Azerbaijan is well-positioned in both areas. "The country's oil, gas, and renewable energy resources are competitive. Azerbaijan is in a stronger position than many regions of the world, particularly for sectors such as data centers that are creating new energy demand," he explained.

Furthermore, the BCG executive pointed out Azerbaijan's strong advantages in terms of the reliability of its energy supply. However, he stressed the necessity for new infrastructure projects to fully unlock the country's gas potential. He concluded by highlighting the importance of forming new consortiums and partnerships to achieve this objective.