The Memorandum of Understanding on cooperation in the field of green energy between the Ministry of Mining and Energy of Serbia and the Ministry of Energy of Azerbaijan was signed during a bilateral meeting, along with two gas supply agreements between “Srbijagas” and the Azerbaijani company “Socar.”
Dubravka Đedović Handanović, Serbia’s Minister of Mining and Energy, stated that during the upcoming winter, Serbia will be able to rely on secure deliveries of around one million cubic meters of gas from Azerbaijan from November 1 to March 31, which will enhance the country’s energy security.
She recalled that agreements on cooperation between the respective ministries and gas companies were signed last year in Baku, stipulating that Serbia will receive up to 400 million cubic meters of gas annually from Azerbaijan until 2026, with the possibility of increasing these amounts to one billion cubic meters thereafter.
The Minister emphasized that the Memorandum expanded cooperation in energy to the field of green energy.
“This document opens up broad opportunities for collaboration in the energy transition process, including joint investments in green energy, the implementation of new green technologies, carbon capture and storage technologies, e-mobility, energy storage, and other areas. In this way, cooperation between Serbia and Azerbaijan in the energy sector is becoming comprehensive and strategic, significantly enhancing our bilateral relations,” the Minister said.
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One of the topics at the bilateral meeting was also the Green Energy Corridor that will connect Azerbaijan with Central and Eastern European countries.
“In this project, Serbia could potentially play an important role, primarily due to its geographical position, as we plan to strengthen interconnections on the transmission network with Romania, Hungary, and Bulgaria in the coming years, and with the completion of the Trans-Balkan Corridor, we will enhance transmission capacities towards Bosnia and Herzegovina, Montenegro, and indirectly towards Italy,” the Minister explained.
Parviz Shahbazov, Azerbaijan’s Minister of Energy, said that in recent months and years, cooperation between the two countries in the energy sector has significantly advanced, emphasizing that the signed documents enable further increases in gas deliveries from Azerbaijan, as well as expanding cooperation in the field of energy transition.
“We also discussed the possibility of Serbia becoming part of the Green Corridor between the Caspian region and Southeastern Europe, given that Serbia already borders three countries participating in the project and can play a role as both a user and a transit country,” Shahbazov stated.
The meeting also covered the upcoming UN Climate Change Conference (COP29), which will be held in Azerbaijan in November, where numerous initiatives important for the global energy transition will be launched.
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