Azerbaijan plans to save 1.5 billion cubic meters of natural gas annually by 2030, thanks to expanded renewable energy capacity, Energy Minister Parviz Shahbazov said at the Baku Energy Forum.
Azerbaijan’s Energy Minister Parviz Shahbazov announced that by integrating 2,700 megawatts of wind and solar energy into the national grid, the country expects to save 1.5 billion cubic meters of natural gas annually by 2030. Speaking at the Baku Energy Forum, Shahbazov stressed the need to enhance the capacity of regional transport infrastructures, including the Southern Gas Corridor, to support this transition. He noted that despite global efforts, hydrocarbons’ share in the energy mix has only changed by 5% over the last three decades — reinforcing that renewable energy sources are complementary, not substitutes.
Shahbazov warned that delaying investment in oil and gas would be a mistake, and emphasized the importance of diversification in energy sources, supply chains, and trade routes. He called this a prime moment for investors to act under clear and pragmatic energy policies. The minister also spotlighted five active projects aimed at securing future gas supplies and highlighted new agreements with major energy companies.
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One person was killed and two seriously injured in a stabbing incident at an electric utility company in south-central Germany, police said.
China said Monday that its decades-long boundary dispute with India is “complicated” and will require time to resolve, while expressing openness to continued diplomatic engagement.
When European Union leaders agreed in April to hold a summit with China in late July, they believed they would enter the talks from a position of strength.
Central Asia’s growing influence in regional development will take centre stage at the 17th Summit of the Economic Cooperation Organization (ECO), set to be held in Khankendi, Azerbaijan, on 3–4 July .
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
China’s resale home prices fell at an accelerated pace in June, deepening concerns about the country’s ailing property market and underscoring the limited impact of recent government support measures, a private survey showed on Tuesday.
China’s manufacturing sector expanded in June for the first time in three months, according to a private-sector survey released Tuesday, signaling a modest recovery in domestic demand even as export pressures persist.
Factory activity across much of Asia remained subdued in June as the uncertainty surrounding U.S. trade policy weighed heavily on manufacturing sentiment, even as some economies reported slight improvements in output.
The Communist Party of China (CPC) has surpassed a 100 million members, marking a "significant milestone" ahead of its 104th founding anniversary, the party announced on Monday.
China said Monday that its decades-long boundary dispute with India is “complicated” and will require time to resolve, while expressing openness to continued diplomatic engagement.
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