Country discusses energy cooperation with Germany [PHOTO]

12 June 2019 17:00 (UTC+04:00)

By Leman Mammadova

Azerbaijan and Germany enjoy high level of bilateral cooperation and they have promising prospects for expanding the diverse relations, especially in the energy field.

Energy minister Parviz Shahbazov met with a delegation led by Vice-President of the German Bundestag Thomas Oppermann.

During the meeting, the sides discussed the bilateral relations, energy cooperation and regional issues.

Shahbazov said that Azerbaijani-German cooperation is at a high level, noting the opportunities available for further cooperation in many areas, particularly in the energy sector.

The meeting focused on the projects implemented with the participation of the German companies, as well as the role of the implementation of Southern Gas Corridor project, which envisages the transportation of Azerbaijani gas to Europe.

Opperman shared his views on Azerbaijan's position in the international arena, and stressed that Azerbaijan is an important partner of Europe in energy diversification.

Furthermore, the sides discussed the important role of the interparliamentary cooperation in the development of bilateral relations and exchanged views on expansion of the cooperation between Azerbaijan and Germany in other spheres.

Germany, like many other European countries, supports the implementation of large-scale energy projects by Azerbaijan.

Germany plays an important role in Azerbaijan-EU energy cooperation. Azerbaijan declared itself in the international arena as a guarantor of Europe’s energy security, and this fact is very important and valuable for Germany, the leading country of the European Union.

The trade turnover between the countries reached $1.4 billion in 2018, about $780 million of which accounted for the export of Azerbaijani products and $660 million - for the import of German goods. The main share of Azerbaijan's exports to Germany is oil and oil products.

Azerbaijan was the ninth largest supplier of crude oil for Germany in 2018. Oil imports from Azerbaijan increased compared to 2017 and amounted to 2.7 million tons (2.45 million tons in 2017).

German energy provider Uniper is one of the buyers of Azerbaijani gas in the framework of the Shah Deniz-2 project. It will purchase a total of 40 billion cubic meters of gas under the agreement.

Since January 1, 2016, Uniper had a spin-off with German E.ON company, which was one of the nine European companies that signed an agreement with Shah Deniz consortium in September 2013 on purchasing Azerbaijani gas. The gas trading business is now in the responsibility of Uniper.

Uniper and Azerbaijan state oil company SOCAR have been working in close cooperation for the past five years.

The companies will collaborate on projects aimed at improving the energy efficiency of oil and gas production in Azerbaijan. The two companies signed an agreement on the same day with German Chancellor Angela Merkel’s trip to Azerbaijan in August 2018.

The new agreement in the field of oil and gas production, energy efficiency, use of new technologies, optimization of energy consumption and reduction of carbon emissions will contribute to the further development of this sphere in Azerbaijan.

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Mirsaid Ibrahimzade is AzerNews’ staff journalist, follow him on Twitter: @MirsaidIbrahim1

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