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Pakistan-Azerbaijan aim to boost energy cooperation

Pakistan-Azerbaijan aim to boost energy cooperation

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Islamabad, 13 December 2023 (WAI): The Federal Minister of Pakistan for Energy, Power, and Petroleum, Ali Muhammad, and the Ambassador of Azerbaijan to Pakistan, Khazar Farhadov, held an amicable discussion on Monday, during which the latter pledged to enhance collaboration in the energy domain further.

Both parties reached an agreement to extend the mutual ties between Pakistan and Azerbaijan. The two officials promised to investigate more opportunities for bilateral collaboration.

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Minister Ali Muhammad emphasized the importance of further cooperation between the two countries in the energy sector during his meeting with the ambassador of Azerbaijan in the nation’s capital, Islamabad.

The Federal Minister for Petroleum emphasized the significance that Azerbaijan plays in meeting Pakistan’s gas needs, particularly in the winter. The minister claims that Pakistan has just begun importing liquefied natural gas (LNG) from Azerbaijan for December to meet the country’s energy needs.

Earlier this year, Pakistan’s federal cabinet approved the purchase of cheap LNG shipments from Azerbaijan. Under the terms of the agreement, Pakistan will get one LNG cargo at a discounted price starting in July.

During an official visit to Baku, the former prime minister of Pakistan pledged to cooperate in the gas and oil sectors to satisfy Pakistan’s energy needs. On a government-to-government basis, Pakistan State Oil (PSO) and the State Oil Company of the Republic of Azerbaijan (SOCAR) will collaborate to find energy resources.

Also Read: Diplomatic meeting reinforces Pakistan-Azerbaijan fraternal bonds

Azerbaijan’s envoy, Khazar Farhadov, highlighted the talk, emphasizing the close kinship between the two countries. He wanted to convert this amicable relationship into more robust economic cooperation.

Azerbaijan’s noteworthy attendance at the COP28 global climate conference, which took place in the United Arab Emirates from November 30 to December 12, was highlighted by Pakistan’s Minister Ali Muhammad.

The Federal Minister also commended Azerbaijan for its substantial contributions to addressing climate change and the country’s booth at the COP28 conference. With the backing of numerous Eastern European nations, Azerbaijan is scheduled to host the COP29 climate change conference in 2019.


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