“Cooperation in the field of energy has always been at the top of our agenda,' said Azerbaijani President Ilham Aliyev.
The European Union has just signed a new agreement with Azerbaijan to bolster energy ties.“Cooperation in the field of energy has always been at the top of our agenda," said Azerbaijani President Ilham Aliyev.
Despite the upbeat comments, the six sections of the five-page MoU are little more than a wish list of what both sides would like to see happen, given the right circumstances.restates the EU's commitments and hopes regarding climate change and reducing greenhouse gas emissions. It includes broad suggestions of cooperation with Baku in renewable energy, energy efficiency and production, and the transit of"green hydrogen.
The statement is further tempered in the final article, which says that nothing in the MoU"… should create any binding legal or financial obligations" and that the MoU"does not constitute an obligation to allocate funds."Azerbaijan's gas fields and the chain of pipelines that carry the gas through Georgia and Turkey to Greece – where some goes to Bulgaria and the bulk to Albania and across the Adriatic to Italy – are controlled by multi-party international consortia.
But energy analysts are asking a more fundamental question: Can Azerbaijan provide? The country has limited scope for increased production and has its own growing demand to meet.to import gas from Iran, which in return receives the same volume from Turkmenistan.that the field cannot supply all the gas needed to double exports to Europe, while other smaller fields under development are not expected to produce sufficient quantities.
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