HomeBusinessErdoğan: Türkiye-Azerbaijan energy cooperation bolsters regional, European security

Erdoğan: Türkiye-Azerbaijan energy cooperation bolsters regional, European security

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Energy cooperation between Türkiye and Azerbaijan not solely advantages each nations but additionally strengthens vitality safety throughout the area and Europe, Turkish President Recep Tayyip Erdoğan stated in a message despatched to the Baku Energy Week on Monday.

Recent world geopolitical developments have as soon as once more underscored the significance of Türkiye-Azerbaijan cooperation on vitality safety, Erdoğan stated within the message, which was learn out by Turkish Energy and Natural Resources Minister Alparslan Bayraktar throughout Baku Energy Week, going down in Azerbaijan’s capital Baku.

This cooperation, marked by key infrastructure initiatives such because the Baku-Tbilisi-Ceyhan and South Caucasus (also referred to as Baku-Tbilisi-Erzurum pipelines), and the Trans-Anatolian Natural Gas Pipeline (TANAP), not solely advantages Türkiye and Azerbaijan, but additionally continues to bolster vitality safety within the area and Europe,” Erdoğan added.

The Turkish president stated the Igdir-Nakhchivan pipeline, inaugurated in March, is the most recent instance of the long-standing and profitable vitality cooperation between the 2 nations.

“The pipeline’s entry into operation has strengthened energy supply security in the Nakhchivan region and made us stronger together,” he stated.

Erdoğan added that growing the electrical energy connection between Türkiye and Azerbaijan is one other venture of strategic significance.

Noting that interconnection capacities between Türkiye and Nakhchivan, and Türkiye and Georgia, additionally should be elevated, Erdoğan stated: “We have signed a memorandum of understanding on cooperation for green electricity transmission and trade to establish a new electricity interconnection line between Türkiye, Azerbaijan, Georgia, and Bulgaria.”

“We aim to complete this project, another historic step for the energy security and prosperity of our region, as soon as possible,” he added.

Erdoğan stated there’s vital potential for brand spanking new pure fuel initiatives between the 2 nations.

“Azerbaijan, which has long supplied substantial volumes of gas to both Türkiye and Europe, plays a strategic role in the global energy market, a role that is especially important under current conditions,” he defined.

“In the coming period, we have an important opportunity to strengthen our cooperation on the export of Turkmen gas through Azerbaijan and Türkiye in a way that benefits all parties,” he stated. “This project will help diversify supply routes and contribute to regional prosperity.”

Source: www.anews.com.tr

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