Baku: President of the Republic of Azerbaijan, Ilham Aliyev, has addressed the participants of Baku Energy Week, APA reports. The President extended a warm welcome to the distinguished guests and participants at the prestigious event, highlighting the significance of Baku Energy Week as a key platform for shaping the global energy agenda and establishing new cooperation formats. He emphasized Azerbaijan's growing role in the global energy dialogue amidst the transition from traditional energy models to sustainable, low-carbon systems.
According to Azeri-Press News Agency, President Aliyev outlined Azerbaijan's rich energy history, dating back to the 19th century when the modern oil industry was formed in the country. The 20th century saw the shaping of international energy partnerships under the leadership of National Leader Heydar Aliyev. Entering the 21st century, Azerbaijan is now advancing in the "green energy" transition and establishing a sustainable energy model.
The President noted that Azerbaijan's energy policy continues to yield significant results, marking milestone events such as the 30th anniversary of the "Shah Deniz" gas field Production Sharing Agreement and the 20th anniversary of commercial gas production from this field. These achievements confirm Azerbaijan's strong position in the global energy market and the successful implementation of its energy strategy.
President Aliyev highlighted the global importance of the energy sector as a pillar of sustainable development and connected it to economic security and competitiveness through investments in renewable energy and low-carbon technologies. Azerbaijan's consistent policy in "green energy" and its strategic position at the crossroads of Eurasian energy and transport routes contribute to regional energy cooperation.
Azerbaijan's rich renewable energy potential offers opportunities for achieving long-term strategic goals in the "green energy" sector. The successful implementation of large-scale projects and the wide geography of natural gas exports enhance Azerbaijan's role as a reliable global energy partner. The country's leading position in the World Economic Forum's energy transition report underscores international recognition of its efforts.
The President emphasized the strategic goal of expanding "green energy" capabilities, marking a new stage in the energy system focused on renewable energy development, accelerating the transition to "green energy," and applying modern technologies. The "green energy zone" model in liberated territories and the declaration of Nakhchivan as a "green energy zone" are central to Azerbaijan's future energy strategy.
In conclusion, President Aliyev expressed confidence in Baku Energy Week's contributions to global energy dialogue and wished the participants successful cooperation, productive discussions, and new achievements.