Azerbaijan and Moldova mull energy cooperation

An exchange of views was held on issues of current and prospective energy cooperation between Azerbaijan and Moldova, Olaylar informs, citing Azerbaijanchr("39")s Energy Ministry.

The discussions were held at a meeting between Energy Minister Parviz Shahbazov and a delegation led by Moldovan Deputy Prime Minister and Minister of Infrastructure and Regional Development Vladimir Bolea, who is visiting Azerbaijan.

Steps to be taken to expand mutual relations in the fields of energy efficiency, promotion of renewable energy sources, and energy regulation were discussed.

During the meeting, Shahbazov provided information on the work done in Azerbaijan in the fields of natural gas and renewable energy, especially the initiatives taken to expand the Southern Gas Corridor and export green energy to Europe. The Green Energy Corridor implemented between Azerbaijan, Georgia, Romania and Hungary was discussed, and future cooperation opportunities in this direction were touched upon.

Bolea spoke about priority areas of cooperation in a number of areas, including natural gas supply. The importance of long-term contracts in gas supply in terms of energy security and sustainability was emphasized. Detailed information was provided on investment-based cooperation opportunities in the bioenergy and biogas sectors in Moldova, the existing green power in the country, and the renewable energy auctions being held. The availability of opportunities for Azerbaijani companies to participate in projects to be implemented in these areas was brought to attention.