Baku considers cooperation with Ankara in the sphere of supplying liquefied gas to world markets promising, said Azerbaijani Energy Minister Parviz Shahbazov.
“Azerbaijan and Turkey have great prospects for further energy cooperation. This refers to the expansion of cooperation along the entire value chain in the oil and gas sector, joint participation in oil and gas production projects in third countries, conversion of Azerbaijani natural gas into liquefied gas in Turkish ports with subsequent implementation in world markets,” Shahbazov said. speaking at the 1st Azerbaijan-Turkey Energy Forum on Wednesday in Baku.
Among the promising areas for cooperation, the minister also named the operation of underground gas storage facilities and an increase in their capacities, the production of hydrogen, its transportation and storage.
“Also, the proposals of Turkish companies on the export of electricity from Nakhchivan to Turkey and on the project for the construction of a gas turbine power plant with a capacity of 550 MW are currently being studied,” Shahbazov added.