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Thirty-one countries took part in Baku Energy Week
- 08 June 2022
- 9:09 pm
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- 08 June 2022
- 9:09 pm
The Israeli ambassador to Azerbaijan, George Deek, is a key figure in expanding energy markets between the two nations. (Photo: eastweststream.com)
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Azerbaijan hosted Baku Energy Week from June 1-3, which was the most prestigious oil and energy consortium of the Caspian region. The event united the 27th Caspian Oil and Gas International Exhibition, the 10th anniversary of the Caspian International Energy and Renewable Energy Exhibition and the Baku Energy Forum. A total of 250 companies from 31 countries took part in the exhibitions in Baku, with a closing session in Shusha, Azerbaijan’s cultural capital city.
Israel was among the countries that participated in this important event that honors the legacy of the late Azerbaijani national Heydar Aliyev, who viewed this gathering of the oil and gas sector to be a priority.
Azerbaijan already supplies the State of Israel with 40% of its energy needs and in the wake of the Ukraine crisis, many Israeli officials are seeking to obtain even more oil and gas from Azerbaijan. In fact, this was one of the items on the agenda during Israeli Finance Minister Avigdor Lieberman’s recent visit to Azerbaijan.
For this reason, Israel attended the Baku Energy Week with the aim of increasing how much oil and gas Israel obtains from Azerbaijan, and intends to add diesel exhaust fluid to the import list, rather than rely on Russia.
In February Israeli Ambassador to Azerbaijan George Deek said Israel hopes its companies to be part of renewable energy projects in Azerbaijan, as Israel is a world leader in green energy technology.
He told Trend that 10-15 companies had applied through the embassy to be part of projects in Karabakh, “Even higher number of companies from Israel have applied directly, not through the embassy. I assume that we’re talking about tens of companies that are applying for various projects ranging from building smart cities, to green energy, agriculture, building a hospital, spa treatment center. There are various projects on the table and not all of them go through the embassy.”
Other countries that participated in the forum included Belarus, the UK, Hungary, Germany, Greece, Georgia, Indonesia, Spain, Italy, India, Kazakhstan, China, the Netherlands, Norway, the UAE, Russia, Romania, Saudi Arabia, Serbia, Singapore, the US, Turkey, Uzbekistan, Finland, France, Croatia, Switzerland and Japan.
International Energy Forum’s Secretary-General Joseph McMonigle proclaimed that Baku Energy Week, as an international platform, brings together stakeholders at a time when the world is experiencing difficulties in the energy sector. In the wake of the crisis in Ukraine and Russia, many countries are grappling to meet their energy needs, and Baku can be a great solution to the global energy crisis.
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Azerbaijan’s Energy Minister Parviz Shahbazov highlighted the potential of the Karabakh region for the Azerbaijani energy sector:
“Shusha, which has been a source of spiritual energy throughout history, is already becoming a Green Energy Zone. Another confirmation of this is the choice of Shusha today as a place for signing the document on cooperation on four-thousand-megawatt wind and solar power projects. Most of these multi-billion-dollar investment offers cover our liberated territories. This is a demonstration of the attractiveness of Azerbaijan and this region for investors and a great contribution to our energy system.”
Shahbazov was enthusiastic about cooperation with Georgia, Romania and Kazakhstan. Exporting green energy to Europe via the Caspian Sea was discussed, alongside Italy’s role in the Trans-Adriatic Pipeline as a source for the European gas market.
He noted that the Trans-Adriatic Pipeline plays a pivotal role in the energy cooperation with Italy, Azerbaijan’s largest trading partner. By the end of the year, gas exports to Italy were projected at 9.5 billion cubic meters, and by increasing the capacity of the Trans-Adriatic Pipeline, it is possible to supply more natural gas not only to Italy but also to other European countries as well.
Rachel Avraham is a political analyst working at the Safadi Center for International Diplomacy, Research, Public Relations and Human Rights. She is the author of “Women and Jihad: Debating Palestinian Female Suicide Bombings at the American, Israeli and Arab Media.”
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Thank you for choosing TheJ.Ca as your source for Canadian Jewish News.
We do news differently!
Our positioning as a Zionist News Media platform sets us apart from the rest. While other Canadian Jewish media are advocating increasingly biased progressive political and social agendas, TheJ.Ca is providing more and more readers with a welcome alternative and an ideological home.
We revealed the incursion of anti-Israel progressive elements such as IfNotNow into our communities. We have exposed the distorted hateful agenda of the “progressive” left political radicals who brought Linda Sarsour to our cities, and we were first to report on many disturbing incidents of Nazi-based hate towards Jews across Canada.
But we can’t do it alone. We need your HELP!
Our ability to thrive and grow in 2020 and beyond depends on the generosity of committed readers and supporters like you.
Monthly support is a great way to help us sustain our operations. We greatly appreciate any contributions you can make to support Jewish Journalism.
We thank you for your ongoing support.
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