Azerbaijan, BP sign MoU on decarbonized energy systems
Azerbaijan's Energy Ministry and BP have signed a memorandum of understanding on assessing potential for large-scale decarbonized and integrated energy and mobility systems, including renewable energy projects in Azerbaijan's regions and cities, the ministry's press service reported on February 22.
'The document signed today provides new opportunities for
cooperation with BP, our long-term strategic partner in the oil and gas sector,
on decarbonization and renewable energy projects. I do hope that we will
achieve shared success with BP while transforming to modern energy trends
stemming from global climate challenges, Energy Minister Shahbazov said.
In turn, BP's Regional President for Azerbaijan, Georgia and
Turkey Gary Jones underlined that the MoU signed provides a new platform for
cooperation leading potentially to new partnership opportunities for BP and
Azerbaijan.
'We are pleased to have this opportunity to collaborate with
the Ministry of Energy towards achieving BP's and Azerbaijan's respective
sustainability goals. (…) BP has been Azerbaijan's energy partner for nearly
three decades and now when BP is aiming to significantly scale-up its
low-carbon energy business and transform its mobility and convenience offers,
we believe there is great potential to build on our successful partnership with
Azerbaijan, he said.
BP has recently partnered with the cities of Houston and
Aberdeen and by signing this MoU we would like to explore similar partnership
opportunities with regions and cities in Azerbaijan to bring integrated energy
and mobility solutions including clean energy aimed at driving down emissions,
Jones added.
According to the memorandum, a Steering Committee and a
Working Group will be established and a Master Plan will be developed for
decarbonization of relevant Azerbaijan's regions or cities.
The Master Plan will cover the development of trends for
clean energy projects, low-carbon transport, green buildings, waste management,
clean industry, natural climate solutions, integrated partnerships, as well as
the development of integrated and decarbonized energy and mobility systems.
The memorandum was signed in the context of Azerbaijan's
economic diversification, creation of a competitive energy market, clean
environment and 'green growth agenda and BP's announcement in 2020 of its 'net
zero ambition, the ministry said
Shahbazov noted that President Ilham Aliyev identified
reduction of greenhouse gas emissions by 35 percent by 2030 among the country's
socio-economic development priorities.
The ministry said that the development of the renewable
energy sector in the country and creation of green energy zones is strongly
supported, adding that foreign and local investors are invited to the process
of providing Azerbaijan with long-term, sustainable, affordable and
environmentally friendly energy sources.
BP first arrived in Azerbaijan and opened its first office
in Baku in June 1992. Over the past years, in partnership with the Government
of Azerbaijan, BP-operated projects such as, Azeri-Chirag-Gunashli (ACG), Shah
Deniz, Baku-Tbilisi-Ceyhan (BTC) and South Caucasus Pipeline (SCP), which have
contributed to the development of the Caspian Sea as a modern hydrocarbon
province.
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