In a significant move towards regional energy collaboration, energy ministers from the Turkic States have agreed to expand cooperation on key oil, gas, and green energy projects.
The meeting, hosted in Türkiye, marked a new phase in Turkic energy cooperation, with Azerbaijan emphasising the growing importance of joint investments and crucial export routes like the Baku-Tbilisi-Ceyhan (BTC) pipeline. The ministers also highlighted rising gas flows to Türkiye and Europe as a key development in the region’s energy infrastructure.
Azerbaijan’s Minister of Energy, Parviz Shahbazov, outlined the tremendous progress made in Turkic energy relations, particularly in the area of joint investments. He emphasised that energy cooperation within the Turkic States has entered a new phase, underpinned by significant financial commitments and strategic projects. One of the standout achievements is the BTC pipeline, a vital export route that continues to play a central role in transporting oil and gas to markets in Europe and beyond.
The ministers also focused on expanding cooperation in renewable energy, digital transformation, and the development of a "Green Energy Corridor." This corridor aims to connect Central Asia, Azerbaijan, and Türkiye, fostering greater integration of green energy solutions and supporting the transition to more sustainable energy sources across the region.
Shahbazov highlighted the impressive trade turnover between the Turkic States, with last year’s trade exceeding $7.3 billion. Notably, around 80 per cent of their joint investment portfolio, which surpasses $20 billion, is concentrated in the energy sector. This substantial investment is not only a testament to the commitment to energy cooperation but also plays a pivotal role in driving economic growth across the region.
"Joint investment funds and numerous projects, especially our collaborations in the energy sector, make a significant contribution to economic growth," said Shahbazov. His remarks underscored the importance of continued collaboration among Turkic nations to ensure the success of these energy projects and achieve long-term economic prosperity.
The push for closer cooperation on renewable energy and digital transformation aligns with global trends toward a more sustainable energy future. The Green Energy Corridor, in particular, is expected to help the Turkic States become key players in the global green energy landscape, leveraging their rich natural resources while minimising the environmental impact.
As energy ministers from the Turkic States continue to strengthen their ties, the region is poised for greater energy security, enhanced economic collaboration, and a more sustainable future. With ambitious plans in place and significant investments underway, the Turkic States are taking bold steps toward becoming leaders in the global energy transition.
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