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Monday, August 3, 2026
Azerbaijan’s new power grid links renewables to its gas export strategy

Azerbaijan’s new power grid links renewables to its gas export strategy

Some landmarks announce themselves with towering skylines or roaring machinery. Others stand almost unnoticed, hidden behind steel fences and high-voltage cables, quietly shaping the future long before their importance becomes obvious. When President Ilham Aliyev inaugurated the Yeni Sangachal Substation, the ceremony was about far more than switching on another piece of electrical infrastructure. It marked the unveiling of a strategic link between Azerbaijan's traditional energy industry and its emerging renewable power sector. This is a connection that could influence not only how the country consumes energy, but also how it exports it in the decades ahead.

SOCAR acquires ITOCHU’s stake in Azeri-Chirag-Gunashli project

SOCAR acquires ITOCHU’s stake in Azeri-Chirag-Gunashli project

SOCAR has acquired the 3.65% stake owned by Japan’s ITOCHU Corporation in the Azeri-Chirag-Gunashli (ACG) project. It was noted that the relevant documents for the acquisition of the stake have been signed. The transaction was carried out in accordance with legal requirements, SOCAR’s internal regulations, and the existing regulatory obligations under the contract. Prior to the transaction, Itochu held a...

US intervenes to support Japanese yen for first time in over decade

US intervenes to support Japanese yen for first time in over decade

The United States intervened in Japan's foreign exchange market on August 2, purchasing Japanese yen for the first time in more than a decade as part of what President Donald Trump described as a "gesture of friendship"

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